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Tax audit

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(Querist)
07 February 2014 Good evening all
May I know the limit of tax audit for the A.Y 2013-14, it is taken from his sales turnover or from Net profit. please explain.
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AVTAR SINGH

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AVTAR SINGH (Expert)
07 February 2014 The tax audit u/s 44AB is required :

1. If the turnover exceeds Rs.1Crore or
2. If the turnover is less than 1 Crore but NP is less than 8%.

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