WebFeb 6, 2024 · Finance Act, 2024 has increased the turnover limit from 1 crore to Rs. 5 crore for a person carrying on business, subject to a condition that cash receipts and cash payments during the year do not exceed 5% of the total receipts/payments. The Finance Bill 2024 proposes to further increase this limit from Rs. 5 crore to Rs. 10 crore. WebGovt of Maharashtra notifies Maharashtra State Tax on Professions, Trades, Callings, and Employments (Amendment) Bill, 2024 to notify changes in Profession Tax Rates w.e.f. 01.04.2024. One notable change is that bill exempts the professional tax payable by the women who draw the monthly salary or wages up to rupees twenty-five thousand w.e.f. …
Threshold Limit for Tax Audit for the AY 2024-18 (i.e. FY 2016-17)
Webtaxation scheme for next five AYs, i.e. from AY 2024-24 to 2027-28.] Further, he is required to keep and maintain books of account and he is also liable for tax audit as per section 44AB … WebMay 15, 2014 · 15 May 2014 No only 45 is allowed. 60 is for FY 2014-15. Rupesh Jain (Expert) Follow. 22 May 2014 as per icai. Tax Audit Limit Increased From 45 to 60 for … great west life public service login
Vijaykumar Chavda - Account Officer - System Level Solutions
WebSep 24, 2024 · [guidance note on Tax audit report 44AB by ICAI-2014] Please Note that if Audit is Not mandatory as per Income Tax act or any other law of the Land other than Income Tax act and person have got his books audited on voluntarily basis (like on the instance of the Bank) , then Due date of Income Tax return in non audit case shall be … WebSep 26, 2014 · The Central Board of Direct Taxes (‘the Board’) vide order dated 20th August, 2014 extended the due date for obtaining and furnishing of Tax Audit Report under … WebAug 1, 2024 · Penalty: If the taxpayer in spite of the requirement to get the books of accounts audited under section 44AB fails to get his books of accounts audited then he … florida primary school contact