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What is the threshold limit and due date of tax audit report for Diagnostic Centre?

Tax Audit Report for Diagnostic

 

 The Tax Audit Report for Diagnostic center to be required to get its accounts audited is `₹1.5 crores** for the financial year 2022-23 (assessment year 2023-24).

The due date for filing the tax audit report is **31st October“ of the assessment year.

Visit for more information: https://www.mca.gov.in/

Here are some of the exceptions to this rule:

If the diagnostic center is a partnership firm, the threshold limit is ₹75 lakhs.

 The diagnostic center is a proprietary concern, the threshold limit is ₹50 lakhs.

If the diagnostic center is a non-profit organization, it is not require to get its accounts audit, irrespective of its turnover.

It is important to note that these are just the threshold limits. Even if a diagnostic center’s turnover is below the threshold limit, it may still be require to get its accounts audit if the Income Tax Department has any reason to believe that it has not been filing its returns correctly or has been involve in any tax evasion activities.

 

For further details access our website: https://vibrantfinserv.com

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