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Category: Audit & Tax Assurance Services

TAX AUDIT LIMIT FOR BUSINESS/PROFESSION IN INDIA

TAX AUDIT LIMIT FOR BUSINESS/PROFESSION IN INDIA

30th November 20197th March 2020 caonwebteam

🔊 Play According to Section 44AB, Income tax act 1961 (As amended by finance act, 2017) accounts of persons carrying business/profession need to be audited. Every person carrying on: – Business Total sales/Turnover/Gross receipts exceeds INR 1 Crore in any previous year. Profession Gross receipts exceeds INR 50 lacs in any previous year. Business (Section […]

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