Tax audit limit

This query is : Resolved 

27 September 2014 a company is providing Animation designing service.
turnover during the year 31,00,000

now please tell what is audit limit u/s 44AB applicable for company assessee providing designing services?

27 September 2014 Limit for Tax Audit is Rs 100 lacs in the given case.

27 September 2014 sir what's the logic ?




27 September 2014 Logic is that the entity is company. Company can not be professional company is only doing business by engaging professionals.

27 September 2014 okay

thank you sir



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