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Tax Audit is compulsory to whom?
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Answer / thakur
Tax audit limit has been enhanced from f.y. 10-11
it is now 60.00 lac annual
| Is This Answer Correct ? | 29 Yes | 3 No |
Answer / rajkumar jankar
tax audit is compulsory for those who are having the
turnover exceeding 60,00,000.(F.Y. 10-11) they have to do
the tax audit compulsory
| Is This Answer Correct ? | 21 Yes | 2 No |
Answer / kamlesh
tax audit is complusory for those who have turnover of 1
carore
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / manojs
1.an assesee who's carrying business where his sales or
gross receipts is more than 40 lakhs
2. a person carrying profession who's income is more than
10 lakhs
3.a person falling under44ab, af,br,declaring lower income
than prescribed above
| Is This Answer Correct ? | 19 Yes | 11 No |
Answer / sujay
Tax audit limit for Profession has been enhanced from f.y.
10-11 it is now 15.00 lac annual
| Is This Answer Correct ? | 12 Yes | 4 No |
Answer / vikas mittal
tax audit is compulsary to exceed turn over 1 crore and 2500000 rs exceed for professional.
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / jagriti
tax audit is complusory for those who have turnover of 60
lacs in case of business and receipts of 15 lacs in case of
profession.
| Is This Answer Correct ? | 10 Yes | 3 No |
Answer / gajanan
for proffession it is rs.1500000
and those whose turnover exceeding rs.6000000 tax audit is applicable..
| Is This Answer Correct ? | 2 Yes | 0 No |
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