08 September 2009
tax audit is must in all cases where the total receipts/turn over exceed Rs.40L in the previous yr . i would like to know here previous yr means the relevant pr. yr for the assessment or any pr yr i.e suppose pr 2007-08 total receipts 47L and pr yr 2008-09 Rs. 35L .in this case is tax audit applicable for the pr.yr 2008-09 or not
CAclubindia
