📊 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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