Tax Audit New Limits For A.Y. 2023-24 & 2024-25 | Updated Tax Audit Limits for AY 2023-24 & 2024-25

Рет қаралды 46,110

11 ай бұрын

📊 Demystifying Tax Audit Limits: AY 2023-24 & 2024-25 📊
In this enlightening video, we unravel the recent revisions in tax audit thresholds for Assessment Years 2023-24 and 2024-25. These updated limits have an impact on both businesses and professionals, setting the stage for a clearer understanding of tax audit applicability.
🔍 What's Covered in this Video:
Delve into the intricacies of tax audit limits for businesses and professionals, considering categories of 1 crore, 2 crores, 3 crores, and 10 crores for businesses, and 50 lakhs and 75 lakhs for professionals. Learn the vital criteria that determine whether tax audit is mandatory or not.
Get to grips with the scenarios where tax audit is not applicable, and understand the critical nuances of the rules.
Discover the important timeline details: the last date for tax audit submission, as well as insights into late fees and penalties associated with delayed submissions.
Whether you're a business owner, a professional, or simply seeking clarity on tax audit regulations, this video equips you with the essential knowledge to navigate these changes confidently.
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Пікірлер: 99

@CAGuruJi 11 ай бұрын

📌 Referred in video: taxupdates.cagurujiclasses.com/what-is-tax-audit-new-tax-audit-limits-tax-audit-last-date-tax-audit-penalty-provisions/

@SandeepKumar-ri9ww 11 ай бұрын

Very very helpful video Thanks a lot mam .

@GK34176 11 ай бұрын

Nice Explanation ma'am. Make a video on CBDT recently released drafted Form No 6C Inventory Valuation Report.

@user-lt6wd5yr6l 10 ай бұрын

Hi Madam, today I just saw your video and subscribed. aap bhi ek achha inshaan ho. your videos seem to be very informative. God bless you Sister.

@Jatin_cube_gamer 11 ай бұрын

Thanks mem जी for this valuable information to provide to us ❤❤❤

@chetanpatel11088 11 ай бұрын

Can we show income from f&o under presumptive business, if yes than which turnover to consider for presumptive income of 6% or 8% as per ICAI method or Sale Value of F&o

@muzammilkhan13578 11 ай бұрын

After the GST revocation, do I have to fill up till now since the GST has stopped?

@deepaknegi3328 11 ай бұрын

❤❤thanks for the very good advice mam ❤❤ happy independence day ❤❤❤jai hind ❤❤

@understandthewordsfeelthes3036 11 ай бұрын

Helpful information 👍

@NANDLAL-fs8eb 11 ай бұрын

Very good suggestion thank you mam

@shidramappalagamannavar1375 11 ай бұрын

Thanq mam

@ravipanchal5246 11 ай бұрын

yes, plz make video on practical fileing 3cb 3cd form

@mschugwani 11 ай бұрын

Mam pls make a video or article on 44AB and 44AD/44ADA interplay. It will be helpful to everyone a lot.

@prabhakarkreddy2492 10 ай бұрын

Any changes in Balance Sheet (2023-24) and amounts entered both years Py 2022-23 and Cy 2023-24 Or CY only

@deepakkumar-dw9yz 5 ай бұрын

Thanks Madam

@incometax7145 11 ай бұрын

Mama agar mene 6 percent gst pay Krna hai to gst registration mein regular mein kru ya composition mein?

@_tanveer_786 11 ай бұрын

Plz mam clarify is tax audit compulsory for company llp and firm irrespective of turnover

@waqar2962 4 ай бұрын

Thnaks mam 😍💟💞

@apurvapurohit8225 11 ай бұрын

Superb

@reshiimran1991 11 ай бұрын

Is it compulsory for a tax payer opting for presumptive taxation that cash receipts should not exceed 5% of total receipts.

@mkmanojkumar8741 10 ай бұрын

Nice 👍

@karunajambhulkar6792 11 ай бұрын

Yes mam 3cb 3cd ke bare me details me bataye

@Spritual.TeemTeem 22 күн бұрын

Ma'am professional k case me bhi if online ho transactions than limit 10 crore ho jayegi kya ya 50 lakh hi rhegi... please ma'am

@h-164ajaykumargupta7 11 ай бұрын

Please make a video of all the 44 clauses of 3CD

@curious1245 10 ай бұрын

Madam kya ek proprietor ship form 2lakhs ki cash payment supplier ko kar sakti hai. Kya limits hai cash ki. Pls bataiye.🙏💐

@Cryptoringsstory36 11 ай бұрын

Maidam hamre itr1 fill Kiya lekin abhi Tak refund nahi aaya kewal processing likh Raha isliye 4time revised kar chuka hu lekin Aisa hi likh Raha kaya ru ek vidiek bnaiye ya bataiye kya kru refund aayega ya nahi. Lagbhag kitne dind wait Karu.pahli bar kuchh galat entry ke Karan revised karna pada dusri aur tisri bar jab process dikha Raha isliye abhi Tak return nahi aya.

@Spritual.TeemTeem 22 күн бұрын

Ma'am please clarify whether it is applicable for f.y. 23-24 or from f.y. 24-25 only

@vinaygupta2043 11 ай бұрын

Please update course for PF and ESIC registration and returns

@sonakshidhanuka5175 2 ай бұрын

What will be the tax audit limit in case of loss from business or profession

@rahulbansal3135 11 ай бұрын

For cash receipt or payment.....means on our payment for purchase, and receipt on sales? Or does this 5% slab counts the direct and indirect expense and incomes too?

@CAGuruJi 11 ай бұрын

All

@killerkobra400 11 ай бұрын

Mam kya hum ek business ke liye s/a me transaction kr skte h

@zulfikaralibadi3409 10 ай бұрын

Vahical sell purses ka kam he margin scim vale ko Kitna turnover pe oudit karana padta he

@shawjay4936 11 ай бұрын

Yes

@Spritual.TeemTeem 22 күн бұрын

Ma'am msme pr konsi itr return form applicable hoga and kya msme ko tax audit krwana hota h..if supplier is msme than what are the rules for itr and when assessee is msme than what are the rule of itr ...please apka konsa video dekhe iske liye

@parashgupta1761 9 ай бұрын

Madam can we accept tax audit report after due date?? Or any penalty will get levied??

@snehagupta5583 11 ай бұрын

Mam how can we contact you for some professional doubts

@Ravinderkumar-gk2rs 6 күн бұрын

madam mere business kee sale 2023 me 91 lac rupee thee or mai pichle teen saal se audit karwa raha hu. es year me business kee sale 1crore 21 lac hai kya me es saal me return 44ad me return bhar sakta hu

@karamsingh1811 11 ай бұрын

Raspected Madam I want to learn how to file ITR and TDS return What will be your fees

@ravithakur3125 11 ай бұрын

Hello Mam. Ca curse की जानकारी दीजिये.. ग्रेजुेएशंन मे agreegate पर्सेंटेज कम है. तो क्या 12th के आधार पर CA course कर सकते है.

@timelessbondeffect5200 11 ай бұрын

Mam tax audit form ko bataea

@timelessbondeffect5200 11 ай бұрын

3ca 3cb ko detail me bataea

@user-cq7zw1rz2z 7 ай бұрын

Turnover explain in detail mam

@rakeshchugh1161 11 ай бұрын

Pls guide If sales is over 1 crore but n.p is more than 8% under presumptive sch, is tax audit is compulsory

@Prince-cg1eu 10 ай бұрын

@surendrakumar-sr7rs 11 ай бұрын

RESPECTED MADAM, 1.50 CR PER E-WAY BILL KUB LAGU HOGA PLEASE INFORMATION MADAM

@bhuvanmali07 11 ай бұрын

Ma'am business ka turnover 1 crore se jyada hai or 2 crore se km or Sec 44AD opt kiya hua hai to Sec 194A, C, H me tds deduct krna pdega kya, please reply me Ma'am 🙏🙏

@Prince-cg1eu 10 ай бұрын

Yes tds deduct karna padega

@prajwalshetty2047 11 ай бұрын

❤️👍🇮🇳

@subhashchandrasharma3491 3 ай бұрын

Salary 6lac ltcg 98lac stcg 45000/- intraday loss Rs.48000/- please bataye audit karana hoga kya

@sohanramoshi8991 11 ай бұрын

Mam fees reduce kare please

@indianarmycommando7730 11 ай бұрын

Mem mera 1.74 lakh kaa abhi tak refund nhi aya hai ab refund ana band ho gya hai kya btaoge kuch

@CAGuruJi 11 ай бұрын

Aa jayega

@jyotiprajapati6342 2 ай бұрын

8:33 Turnover limit of 3 Cr and 75 Lac is applicable w.e.f. 01/04/2024 and not 2023-24

@Spritual.TeemTeem 22 күн бұрын

Ma'am please clarify whether it is applicable for f.y. 23-24 or from f.y. 24-25 only

@laxminarayanbhattad6588 11 ай бұрын

I am interested in taking this course plz provide details

@CAGuruJi 11 ай бұрын

Visit www.cagurujiclasses.com

@harshitsrivastava5369 11 ай бұрын

If i am partnership firm and my turnover is 95 lakh rupees and i have maintained books of accounts also. But my net profit comes lower than 8% of the turnover. Then am i liable to audit my books by CA?

@sandeepdhawan8586 11 ай бұрын

Dear listen carefully if ur cash sale more then 5% of total sale receipt then audit if not I mean total sale is through b2b banking channel no need to audit.

@sandeepdhawan8586 11 ай бұрын

6% profit u can show b2b banking channel

@laxminarayanbhattad6588 11 ай бұрын

No need tax audit

@Prince-cg1eu 10 ай бұрын

Tax audit not applicable. You can show actual profit. Net Profit can be lower than 8%.

@ankityogi8027 11 ай бұрын

Tally accounting k uppar video bnaye

@CAGuruJi 11 ай бұрын

You can join our accounting with tally prime course

@binachhaniyara7918 11 ай бұрын

bina m chhaniyara full course fees paid how???

@CAGuruJi 11 ай бұрын

Visit www.cagurujiclasses.com

@AzharKhan-bu6dz 3 ай бұрын

LLP ki tax audit karane ki Limit kiya hai

@RakeshVerma-ct8nl 11 ай бұрын

Audited ITR filing Last Date?

@CAGuruJi 11 ай бұрын

31 October

@RakeshVerma-ct8nl 11 ай бұрын

@@CAGuruJi Thank u

@sks3375 11 ай бұрын

मेम हमारा बिसनेस है गारमेंट्स का और गारमेंट्स की सेल 90 लाख है । हमने हमारी बिल्डिंग जो balance sheet के fixed assets में थी उसको 11 करोड़ का बेच दिया, तो क्या हम पर टैक्स ऑडिट लगेगा । प्लीज reply

@Prince-cg1eu 10 ай бұрын

Not applicable as sale of building will come under Capital gain and not as sale.

@guntudas2934 11 ай бұрын

I want to learn about 3cb and 3 cd

@CAGuruJi 11 ай бұрын

@sachinsharma-ji6ki 11 ай бұрын

Mam 3cd and 3cb ki ek vedio detail m bnana

@jabir9376 11 ай бұрын

Future and option mai audit Kab applicability hota hai ?

@jatinvyas4685 11 ай бұрын

I also want to know.

@aartikaintura4907 11 ай бұрын

When your turnover crosses 10 cr

@CAGuruJi 11 ай бұрын

As All Transaction in this situation, done other than cash so limit is 10 Crore

@h-164ajaykumargupta7 11 ай бұрын

@@CAGuruJi10cr turnover?

@anandkumar-ll5go 11 ай бұрын

Hi mam I want to learn 3CB & 3CD..

@CAGuruJi 11 ай бұрын

@anandkumar-ll5go 11 ай бұрын

@@CAGuruJi course is available now..?

@sunilarora3397 11 ай бұрын

5 year wala rule bhi details m batate to acha hota

@CAGuruJi 11 ай бұрын

You can read in article

@sushilsakpal8963 11 ай бұрын

Madam , Being an Accountant I hv a Proprietary firm I provide Management service to Co-operative societies Accounting and Tax Consulting services Societies, Business and individuals. So I'm falling in which category Professional Or Business Pls let me know thanks

@CAGuruJi 11 ай бұрын

Professional

@sushilsakpal8963 11 ай бұрын

@@CAGuruJi Thank you madam also I hv 2 Employees working with me, still it is professional only correct? Thanks again for your confirmation.

@rohitmonu167 11 ай бұрын

Hello Madam. Hope you are doing well! Need one small clarification If a person is a professional and comes under 44ada and in a case where he is not choosing 44ada and wants to maintain books of accounts and claim p&l debits to make his income below 500,000 (assuming he has no tax saving investment) can he do so and whether if not opting 44ada and choosing normal business taxation rules then do tax audit applicable on him as he will show his profit less than 50% My analysis is: Yes, he can choose to prepare books of accounts and leave 44ada benefit No, tax audit will not be applicable on him even though he show’s profit less than 50% as he his not at all opting 44ada and rather showing his accounts as normal business (p&l, bal sheet etc) in itr-3 Pls correct me if im wrong in my opinion..

@CAGuruJi 11 ай бұрын

Check the clause of income below exemption limit as well

@rohitmonu167 11 ай бұрын

@@CAGuruJi gross income is 19,00,000 and if not opted 44ADA and wants to file itr-3 by claiming expenses in p&l debits and wants to declare profit below 5,00,000, in this case does tax audit is applicable ? Pls clarify thanks in advance madam.

@kirtilalsakhala9226 11 ай бұрын

More advt. less information

@muzammilkhan13578 11 ай бұрын

Please reply me

@Cryptoringsstory36 11 ай бұрын

@CAGuruJi 11 ай бұрын

Why you revised 4 times?

@Cryptoringsstory36 11 ай бұрын

@@CAGuruJi mam first time usme 80c me insurance doble add ho gaya tha 2time education ka sec galti 14(ii) select ho gaya aur usko 14(i) karnaa tha isliye abhi kya return milega amount sabme same hai lekin process hi dikha rahA kaya kare please guide me. koi dRne ki bat to nahi hai na.please guide me. Your faithfully