DTC Bill 2010

DTC shall come into force on the 1st day of April, 2012

TAX AUDIT

88
. (1) Every person, who is required to keep and maintain books of account under
section 87 shall get his accounts for the financial year audited—
(
a) where the person is carrying on any profession, the gross receipts of the
profession exceed twenty-five lakh rupees in the financial year;
(
b) where the person is carrying on any business, the total turnover or gross
receipts, as the case may be, of the business exceed one crore rupees in the financial
year