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Commerce · Q231

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 231

Q231

For persons carrying on profession, tax audit is compulsory, if the gross receipts of the PY exceed

A.
Rs. 1 crore
B.
Rs. 50 crore
Answer
C.
Rs. 25 lakh
D.
Rs. 10 lakh

Answer: Option B

Solution

Answer: Option B
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