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Statutory audit

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16 April 2015 please tell me sir is there any limit for statutory audit in respect of sale
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Soumitra Basu

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Soumitra Basu (Expert)
17 April 2015 AS PER INCOME TAX ACT, IN CASE OF TURNOVER IN EXCESS OF RS. 1.00 CRORE WILL BE LIABLE TO TAX AUDIT. IN THE CASE OF PROFESSIONALS THE TURNOVER SHOULD BE 25.00 LACS OR MORE.

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