Tax Audit Limit is one of the least discussed topics, as a result, a lot of people don’t know much on the subject. Even educated entrepreneurs and professionals don’t know much about the mandatory tax audit limits that have been prescribed & applicable to them.
As we might already know tax audit limit is different for businesses and professionals, which is subject to change for every Financial Year as per Union Budget presented by Finance Minister, however, the limits for the Financial year 2016-17 is mentioned below:
Here are the recent turnover tax audit limits that have been prescribed to businesses and professionals.
That wasn’t hard, was it? We hope that you found this article to be helpful.
If you need any help regarding tax audits in Bangalore, then you can contact us.
You can also check out our article on tax audits to know more.
