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Tax Audit limit for AY 2022-23 | Turnover limit for Tax Audit | Tax Audit Applicability

👉 Book Our Services Here -https://taxadvisory.in/contact ✔️ TeleGram Channel - https://t.me/thetaxadvisory ✔️ Instagram -   / taxadvisoryin   ✔️ Facebook -   / thetaxadvisory   ✔️ Linkedin -   / imarjunmittal   Welcome to this video on Tax Audit for AY 2022-23. Every taxpayer is required to get his accounts audited if his turnover or gross receipts exceed the prescribed limit, as per Section 44AB of the Income Tax Act, 1961. In this video, we will discuss the turnover limit for tax audit and the applicability of tax audit for FY 2021-22. We will begin by discussing the turnover limit for tax audit under Section 44AB of the Income Tax Act. According to the provision, if a taxpayer's gross receipts in the current financial year are more than Rs. 1 crore, then he is required to get his accounts audited by a Chartered Accountant. If a taxpayer's gross receipts are between Rs. 1 crore to Rs. 5 crore, then the turnover limit for tax audit is Rs. 1 crore. If a taxpayer's gross receipts are more than Rs. 5 crore, then the turnover limit for tax audit is Rs. 2 crore. Next, we will discuss the applicability of tax audit for FY 2021-22. Tax audit is applicable to all taxpayers whose turnover or gross receipts during the current financial year exceeds the prescribed limit. tax audit limit for ay 2022-23 tax audit limit tax audit limit for ay 2021-22 tax audit limit for fy 2021-22 turnover limit for tax audit tax audit turnover limit for ay 2022-23 tax audit limit for fy 2020-21 income tax audit limit for ay 2022-23 income tax audit limit tax audit limit for ay 2022-23 for individual tax audit limit for professional income tax audit limit for fy 2021-22 tax audit turnover limit for ay 2021-22 tax audit limit ay 22-23 income tax audit limit for ay 2018-19 tax audit limit for ca tax audit limit for ay 2023-24 tax audit threshold limit for ay 2022-23 limit for tax audit tax audit turnover limit tax audit limit for professional ay 2022-23 tax audit limit for ay 2020-21 llp tax audit limit tax audit limit for ay 2022-23 taxguru tax audit limit for ay 2017-18 for business tax audit limit for fy 2022-23 income tax audit limit for ay 2016-17 turnover limit for tax audit for fy 2021-22 tax audit limit for ay 2016-17 for professional tax audit limit for ay 2022-23 for company tax audit limit for ay 2022-23 for private limited company f&o turnover limit for tax audit tax audit limit for ay 2014 15 income tax audit limit for ay 2021-22