Tax Audit Limit/threshold
This query is : Resolved
21 September 2023
Hi,
can anybody pls tell what is the limit for Tax Audit for FY 22-23 in case of companies??
can anybody pls tell what is the limit for Tax Audit for FY 22-23 in case of companies??
21 September 2023
As per sec 44ab it's one crore...
A business person whose gross receipts/turnover/sales for the previous financial year is more than Rs. 1 crore.
The Tax audit limit for AY 2023-24 is Rs. 1 crore for businesses with more than 5% cash transaction and Rs. 10 crores for businesses with less than 5% cash transaction.
22 September 2023
thank you..llast date of filing remains the same i.e. 30.9.23?
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