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Maintenance of accounts by certain persons carrying on profession or business
Clipped from: https://incometaxindia.gov.in/Acts/Income-tax%20Act,%201961/2025/102120000000090803.htm 44AA. (1) Every person carrying on legal, medical, engineering or architectural profession or the profession of accountancy or technical consultancy or interior decoration or
Audit Criteria for Business & Profession (Section 44AB) AY 2024-25
Clipped from: https://taxguru.in/income-tax/audit-criteria-business-profession-section-44ab-ay-2024-25.html Introduction: Understanding the audit requirements for businesses and professions under the Indian Income Tax Act is crucial for compliance and efficient financial management. Section
Turnover limit for Tax audit is Rs. 1 crore or Rs. 10 crore under section 44AB of the Act – Taxontips
Clipped from: https://www.taxontips.com/turnover-limit-for-tax-audit-is-rs-1-crore-or-rs-10-crore-under-section-44ab-of-the-act/ Section 44AB deals with the limit for conducting Tax audit under the Income Tax Act. For Individual, HUF and firm they can skip