Tax audit limit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2011
What is the limit for Tax Audit for a person involved in Recruitmrnt of Man Power??
Plz advice..
Plz advice..
22 November 2011
it is Professional Income hence the Limit is Rs.15,00,000/-
22 November 2011
It comes under 'business' vide page 24 of ICAI publication 'Issues on tax Audit' .Tax audit ,therefore, applies if turnover per annum exceeds Rs. 60 lakhs.
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