tax audit is required

[kanchana ganga]

 Limit of total turn over or gross receipts increased from sixty lakh  to one crore .So, please suggest  tax audit is not required for the case of person carrying business with total gross receipts of Rs.69  lakh for the F.Y.2012-13 and what is the last date for filling return.

AI Summary

No Tax Audit Needed for Business with Rs. 69 Lakh Gross Receipts in FY 2012-13; File by 31st July 2013. A discussion on a forum addressed whether a tax audit is required for a business with total gross receipts of Rs. 69 lakh for the financial year 2012-13, given that the limit for mandatory tax audits had increased from Rs. 60 lakh to Rs. 1 crore. A chartered accountant clarified that a tax audit is not required in this case, and the last date for filing the tax return is 31st July 2013.