{"id":17360,"date":"2023-08-30T10:47:15","date_gmt":"2023-08-30T10:47:15","guid":{"rendered":"https:\/\/vibrantfinserv.com\/kb\/?p=17360"},"modified":"2024-05-08T11:33:24","modified_gmt":"2024-05-08T11:33:24","slug":"tax-audit-report-6","status":"publish","type":"post","link":"https:\/\/vibrantfinserv.com\/kb\/tax-audit-report-6\/","title":{"rendered":"What is the threshold limit and due date of tax audit report for Diagnostic Centre?"},"content":{"rendered":"<h2 style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-18 alignleft\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png\" alt=\"\" width=\"105\" height=\"50\" srcset=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ-300x143.png 300w, https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/05\/Logo-Vibrant-FinServ.png 482w\" sizes=\"auto, (max-width: 105px) 100vw, 105px\" \/>Tax Audit Report for Diagnostic<\/h2>\n<h2 style=\"text-align: center;\"><span style=\"color: #000000;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/vibrantfinserv.com\/kb\/wp-content\/uploads\/2023\/08\/70.jpg\" alt=\"Tax audit report\" width=\"243\" height=\"162\" \/><\/span><\/h2>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #000000;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit for a diagnostic center to be required to get its accounts audited is &#96;\u20b91.5 crores** for the financial year 2022-23 (assessment year 2023-24). The due date for filing the tax audit report is **31st October&#96;&#96; of the assessment year.\\n\\nHere are some of the exceptions to this rule:\\n\\nIf the diagnostic center is a partnership firm, the threshold limit is &#96;&#96;\u20b975 lakhs&#96;&#96;&#96;&#96;.\\nIf the diagnostic center is a proprietary concern, the threshold limit is &#96;&#96;\u20b950 lakhs&#96;&#96;&#96;&#96;.\\nIf the diagnostic center is a non-profit organization, it is not required to get its accounts audited, irrespective of its turnover.\\nIt 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 required to get its accounts audited if the Income Tax Department has any reason to believe that it has not been filing its returns correctly or has been involved in any tax evasion activities.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">\u00a0The Tax Audit Report for Diagnostic center to be required to get its accounts audited is `\u20b91.5 crores** for the financial year 2022-23 (assessment year 2023-24). <\/span><\/p>\n<p><span style=\"color: #000000;\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;The threshold limit for a diagnostic center to be required to get its accounts audited is &#96;\u20b91.5 crores** for the financial year 2022-23 (assessment year 2023-24). The due date for filing the tax audit report is **31st October&#96;&#96; of the assessment year.\\n\\nHere are some of the exceptions to this rule:\\n\\nIf the diagnostic center is a partnership firm, the threshold limit is &#96;&#96;\u20b975 lakhs&#96;&#96;&#96;&#96;.\\nIf the diagnostic center is a proprietary concern, the threshold limit is &#96;&#96;\u20b950 lakhs&#96;&#96;&#96;&#96;.\\nIf the diagnostic center is a non-profit organization, it is not required to get its accounts audited, irrespective of its turnover.\\nIt 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 required to get its accounts audited if the Income Tax Department has any reason to believe that it has not been filing its returns correctly or has been involved in any tax evasion activities.&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:573,&quot;3&quot;:{&quot;1&quot;:0},&quot;5&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;6&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;7&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}\">The due date for filing the tax audit report is **31st October&#8220; of the assessment year.<\/span><\/p>\n<p><strong><span style=\"color: #000000;\">Visit for more information:<\/span> <a href=\"https:\/\/www.mca.gov.in\/\">https:\/\/www.mca.gov.in\/<\/a><\/strong><\/p>\n<h3><\/h3>\n<p><span style=\"color: #000000;\"><strong>Here are some of the exceptions to this rule:<\/strong><\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">If the diagnostic center is a partnership firm, the threshold limit is \u20b975 lakhs.<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">\u00a0The diagnostic center is a proprietary concern, the threshold limit is \u20b950 lakhs.<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">If the diagnostic center is a non-profit organization, it is not require to get its accounts audit, irrespective of its turnover.<\/span><\/p>\n<p style=\"padding-left: 40px;\"><span style=\"color: #000000;\">It is important to note that these are just the threshold limits. Even if a diagnostic center&#8217;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.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/encrypted-tbn0.gstatic.com\/images?q=tbn:ANd9GcSXjYfYGLzGuuvNS7HVls9nMX3_7Fd7VRazfw&amp;usqp=CAU\" alt=\"Know Tax Audit Limit for FY 2019-20 and FY 2020-21 for Business and Profession - Faceless Compliance\" width=\"374\" height=\"209\" \/><\/p>\n<p style=\"text-align: center;\"><strong><span style=\"color: #000000;\">For further details access our website:<\/span> <a href=\"https:\/\/vibrantfinserv.com\">https:\/\/vibrantfinserv.com<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tax Audit Report for Diagnostic &nbsp; \u00a0The Tax Audit Report for Diagnostic center to be required to get its accounts audited is `\u20b91.5 crores** for the financial year 2022-23 (assessment year 2023-24). The due date for filing the tax audit report is **31st October&#8220; of the assessment year. Visit for more information: https:\/\/www.mca.gov.in\/ Here are\u2026 <span class=\"read-more\"><a href=\"https:\/\/vibrantfinserv.com\/kb\/tax-audit-report-6\/\">Read More &raquo;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":17402,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2540],"tags":[2879,3868,3258],"class_list":["post-17360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-audit","tag-auditduedate","tag-diagnosticcentretaxaudit","tag-taxauditthreshold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax Audit Report for Diagnostic\/ Article\/ VibrantFinserv-<\/title>\n<meta name=\"description\" content=\"The Tax Audit Report for Diagnostic center to be required to get its accounts audited is `\u20b91.5 crores** for the financial 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