TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Finance Bill 2012 amends Section 44AB: Raises audit thresholds for businesses and professions, alters compliance dates.</h1> Clause 13 of the Finance Bill, 2012, amends section 44AB of the Income-tax Act, adjusting audit requirements for businesses and professions. For businesses, the audit threshold increases from sixty lakh rupees to one crore rupees, and for professions, from fifteen lakh rupees to twenty-five lakh rupees, effective April 1, 2013, applicable from the assessment year 2013-2014. Additionally, the 'specified date' for audit compliance changes from September 30 to the due date for filing returns under section 139(1), effective retrospectively from April 1, 2012, applicable from the assessment year 2012-2013.
TaxTMI 
TaxTMI 
