Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms SMS News Articles
D. Forum
What's New


Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

tax audit applicability, Income Tax

Issue Id: - 116070
Dated: 26-2-2020
By:- Madhavan iyengar
tax audit applicability

  • Contents

A Company whose turnover is ₹ 4 crores in fy 2019-20 and has more than 95% of its transactions in sales and purchases in electronic mode in aforesaid case will tax audit not be applicable to the company as per the proposed amendment made in finance act 2020 wherein the limit specified in said cases ie more than 95% of transaction in sales and purchases thru electronic mode is upto ₹ 5 crores. ( proposed amendment will beEffective from 01/04/2020 ie AY 2020-21)

Post Reply

Posts / Replies

Showing Replies 1 to 1 of 1 Records

1 Dated: 26-6-2020

Whether it is just for information or absence of query?


Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||