Finance Minister Nirmala Sitharaman

Government Increases Tax Audit Limit to Rs. 10 crores – Budget 2021

Government Increases Tax Audit Limit to Rs. 10 crores

Under the Union Budget 2021, Finance Minister Nirmala Sitharaman has announced the notification to increase the tax audit threshold limit from Rs. 5 crores to Rs. 10 crores. Also, this decision provides much-needed help to organisations and businesses that transact electronically. It aims to promote cashless digital transactions and reduce the burden of compliance for … Read more