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Nilesh Ishu asked 1 year ago

Sir, the limit of indebtedness given in Section 288 of Income Tax Act is of Rs 100,000 while in the discussions you have mentioned Nil limit for tax audit purpose. I am confused, can you please clarify? 

1 Answers
RaviRavi Staff answered 1 year ago

For Company
Disqualification & limit is same as company audit
For other assesses
Limit of 1,00,000 is only for relative 
For other it is ZERO

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