Tax Audit Limit 44AB Enhanced from 60 Lakh to 100 Lakh ,15 Lakh TO 25 Lakh

Under the existing provisions of section 44AB, of Income Tax Act, every person carrying on business is required to get his accounts audited 1) if the total sales, turnover or gross receipts in the previous year exceed sixty lakh rupees. 2) Similarly, a person carrying on a profession is required … Continue reading