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Tax audit limit

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(Querist)
08 July 2014 sir pl gide me the turnover limit to audit books for business done by proprietor , partnerships, company, firm etc
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CA Parul Saxena online

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CA Parul Saxena online (Expert)
08 July 2014 Rs.60 lakhs is the limit for business.
Rs.45 lakhs-for professionals
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
08 July 2014 @ questioner

For those carrying on business,Rs. One Crore is the limit from assessment year 2013-14.

@ Parul Ji

For professionals it is Rs.Twenty five lakhs from assessment year 2013-14.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 July 2014 Finance act has raised the limit for applicability of tax audit from 60 lakshs to 1 crore for business income.
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Rupesh Jain

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Rupesh Jain (Expert)
08 July 2014 its rs. 100 lacs. and profession Rs. 25 lacs.

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