Tax Audit

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anoop (Querist)
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12 July 2010 Will Tax audit be applicable in to a firm which was subject to tax audit in the previous year even if its turnover in current year is less than 40 lakhs?

Aditya Maheshwari

Aditya Maheshwari (Expert)
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12 July 2010 No as the limits are to be checked every year. If it exceeds the limit then only tax audit compulsory.

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