Tax audit limit 44ab --turnover/gross receipts
This query is : Resolved
12 December 2012
What is the Tax Audit Limit U/s. 44AB --Turnover/Gross Receipts in Financial Year 2012-13. Give the Income tax amendment links.
Thanks
Mr.Kadam
Thanks
Mr.Kadam
12 December 2012
It is Rs. 1 Crore..
http://law.incometaxindia.gov.in/DIT/FinAct.aspx?page=FINA&TabId=tab_FIN
http://law.incometaxindia.gov.in/DIT/FinAct.aspx?page=FINA&TabId=tab_FIN
12 December 2012
http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=a78677c7-9775-4dc2-a546-148e5d5b9583&rdb=sec&yr=a56ea192-3ca8-433a-a515-ed68a062eac7&sec=44&sch=&title=Taxmann - Direct Tax Laws
12 December 2012
Tax audit limit for the FY 2011-12 was Rs.60 lakhs in case of business and Rs.15 lakhs for profession.From FY 2012-13 onwards the same has been increased to Rs.100 lakhs (Rs.1 crore) for business and to Rs.25 lakhs for Profession.
Check out the same in the following link:-
http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=FINA&schT=FIN&csId=6753ca9d-2d97-4ab8-9d02-d456086fe03c&&pId=073a37d0-68de-42c8-9fa1-fd6452e19bdf&sch=&title=Taxmann - Direct Tax Laws
Check out the same in the following link:-
http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=FINA&schT=FIN&csId=6753ca9d-2d97-4ab8-9d02-d456086fe03c&&pId=073a37d0-68de-42c8-9fa1-fd6452e19bdf&sch=&title=Taxmann - Direct Tax Laws
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Import license renewal
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
