Hi Gurus,
Kindly confirm what is the Total Turnover amount applicable(Latest in 2010 ) to conduct Audit for Individual and Others.Kindly enlighten me whether the Turnover includes VAT or Service Tax?????
Nandha
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Turnover Limits for Audit U/S 44 AB
Replies (7)
hiii dear,
d limit is 60 lac u/s 44ab
it excludes service tax n vat if it is charged seperately.....
n normally vat n ST is charged seperately....;)
Its 40 lacs (aggregate turnove) for business and 10 lacs for individuals.
my dear frnd d limit is nw increase to 15 lacs for individual,,,,,
n Rs. 60 lac fr businessman...
i mad sm mistake in last posting.....
dost konsi dunia me ho......b update
According to me Limit of 60lac is applicable from Previous Year 2010-11....
my dear now limit is 40 lacs for the a/y 2010-11.
it is Inhance form 40 lacs to 60 lacs and 10 Lacs to 15 Lacs from a/y 2011-12 f/y-2010-2011
ok
@ Ruchi and @ kanhaiya.....my dear dosto nw FY 2010-11 is goin on.... so its correct....
n @ kanhaiya nw limit is 60 and 15 lacs.......bcz its
Dear All, Limit is raised from AY 2011-12 onwards and this is not applicable for Nov 10 Exam . Institute has published the notification in this regard dtd. 05.07.2010.
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