Issue in 44Ab and DVAT

[Asked by Guest]

As per Budget 2012 the limit of 44AB has been extended by 1 Cr but is the same limit will be applicable in case of DVAT also ?

In other words if an assessee having turnover of 80 lacs and registred under VAT then whether he is liable to get his accounts audited to fullfill the requirments in Delhi VAT ?

 

Thanks in advance

AI Summary

Income Tax audit threshold does not determine VAT audit or DVAT submission obligations for registered dealers.
Section 44AB audit threshold under the Income tax Act does not determine audit or submission obligations under the Delhi VAT regime; DVAT filing and audit requirements are governed independently by DVAT statutes and notifications, and the document records a taxpayer query about whether audited financials must be submitted to DVAT but contains no definitive DVAT filing threshold.