Tax Audit Turnover Limit A.Y 2024-25 #itr2024 #taxaudit

In this video, we delve into the new tax rules for the financial year 2024-25 that every taxpayer needs to know! 🚨 Specifically, we will cover the tax audit limit changes and how they can impact your tax filing and financial planning. Understanding these updates is crucial for individuals and businesses alike, as they can affect your compliance and potential liabilities.

We’ll break down the key points you need to be aware of, including:
- The revised tax audit limits for the assessment year 2024-25.
- What qualifies for a tax audit and how the changes may affect you.
- Tips on how to prepare for a tax audit and maintain proper documentation.

Stay ahead of the curve and ensure you're fully informed about these important tax changes. Don’t forget to like, subscribe, and hit the notification bell for more updates on tax regulations and financial advice!

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#TaxRules #TaxAudit #Finance2024 #TaxPlanning #TaxTips

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Disclaimer- Although all provisions, notifications, updates, and live demos are analyzed in-depth by our team before presenting to the public. We hereby provide our point of view only and tax matters are always subject to frequent changes hence advisory is only for the benefit of the general public. Hence this channel is not liable for any consequence that arises on the basis of YouTube videos.

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[ashokkhegde]

Sir it seems incomplete information about 44AB. Please tell about INcome Tax Audit in relattion to 44AD too.

[pramila]

Sir, it means upto 10 cr. No Audit if cash receipt/payment less than 5% on gross receipts/payments. Am I right Sir?