The tax audit limit has been increased to Rs 10 crore if the taxpayer's cash receipts are limited to 5% of the gross receipts or turnover, and if the taxpayer's cash payments are limited to 5% of the aggregate payments. What are your views on this?
Ritik Chopra (student) (8128 Points)
16 April 2021The tax audit limit has been increased to Rs 10 crore if the taxpayer's cash receipts are limited to 5% of the gross receipts or turnover, and if the taxpayer's cash payments are limited to 5% of the aggregate payments. What are your views on this?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 April 2021
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