WebOct 27, 2024 · For fiscal 2024-20 i.e. AY 2024-21, the limit was Rs 5 crore for businesses and Rs 50 lakh for professionals and the due date for the original tax audit report was January … http://taxindiaupdates.in/tax-audit-requirements-and-presumption-taxation/

Revised Income Tax Audit Limits for AY 2024-23 - Certicom

WebTax Audit Applicability for Assessment Year 2024-23 (F.Y. 2024-22) Section 44AB of the Income Tax Act, 1961. Every person i.e., an individual, firm, company, or others as defined … WebSep 9, 2024 · When tax audit is applicable, the due date to file ITR for the FY 2024-22 (AY 2024-23) is 31st October 2024. Essential Things to do Before the Commencement of Tax … how many days this november

ITR-U Updated Return under Section 139(8A) - Learn by Quicko

WebMar 14, 2024 · Income Tax Audit Limits for AY 2024-24. A business person whose gross receipts/turnover/sales for the previous financial year is more than Rs. 1 crore. It is no … WebAug 20, 2024 · Visit the post for more. Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961 AY 2024-23 (Effective for the AY 2024-23 and subject to amendments made by law, judiciary or administration, for the subsequent assessment … WebFeb 2, 2024 · The finance minister introduced Section 139 (8A) of the Income Tax Act in the Finance Bill 2024. Further, CBDT issued a notification on 29th April 2024 to notify the form … high standard .22 rifle