Tax Audit is compulsory to whom?
Answers were Sorted based on User's Feedback
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 |
what is latest rate of vat cst service tax. what is contractor tds rate.
what is Rate of Service tax and Entry of Service Tax?
when submitted ER1 by online that time by mistake wrong opening balance selected & returned is submitted .what to do
5 Answers KEC, pms precision engineers, Proton Power Control,
what is modvat and cenvat
what is WCT?
1. what are the ledgers to be open for service tax accounting & under which group in tally? 2. what is the journal entry to be pass when adjusting input & output service tax at the end of the month? Regards Sakthivel sakthi_135@hotmail.com
Is Accounts Payable and Vendor Payable are same ? If yes or no, why ?
what rate is entry tax is it same for all states
housing loan principal upto 1 lac is exempted from tax is it diffrent from exemption u/s 80c
In one year how many times tds, service tax, and Mvat is paid?
Goods sold outside the state at rs 300000 excluding 2percent CST I want solution with journal entry
What is Advance Payment of Tax?