Answer Posted / gopi sharam
Tax Audit is done if gross turnover of an assessee exceeds
Rs.40 Lac in case of non -professionals and in case of
professionals the limits is 10 lac, this audit is
complusory to be done before 31.10.08, otherwise the
assessee is penalised as per the provisions of the income
tax act.
| Is This Answer Correct ? | 57 Yes | 38 No |
Post New Answer View All Answers
Explain the before an audit processes?
Explain the importance of internal audit to the organization?
i read in andhra bank recruitmentin that i saw english languages marks are eligible what is that eligible mark
What is the difference between internal audit and statutory audit?
What are objectives of internal audit?
May deduct TDS Froma reseller ?
i want question papers audit staff selection examination
accounting & audit system of film production enterprises
What sort of image do you have?
Why does a systems auditor need to use professional judgement when selecting audit procedures?
How to reconcile GST Tally and GST Portal ?
vat on liquor vat on food ? vat on bevrages ? vat on tobaco? vat on gold?
What are the different types of audits?
What are the basic principles of an internal audit controlsystem?
A company charity (gross income 250k) wishes to take advantage of the audit exemption regime. However, there is an audit provision in the company's Articles. Should they be required to change the Articles?