44AB Turnover Limit

CA Ashwani Agarwal (Practice) (3049 Points)

10 June 2011  

Every person carrying on any business is liable to get his accounts audited if his turnover exceed Rs. 60 lakh in the previous year.

This amendment is applicable from 01-04-2011.

MY Query is whether this is applicable from ASSESSMENT Year 2011-12 or 2012-13.

 

Regards