Tax Audit Threshold
The Tax Audit threshold limit and due date of tax audit report for Dental and Medical Laboratories in India depend on their total sales, turnover and professional income.
If their gross receipts exceed ₹1 crore in a financial year, they required to get their accounts audit under Section 44AB of the Income Tax Act.
This audit report, along with the prescribed Form 3CD, needs to filed by the due date of the income tax return, which is generally September 30th of the assessment year.
For more information to visit: https://www.incometax.gov.in
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