Audit requirement for individuals for income tax

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Bijender

Bijender (Querist)
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20 July 2013 Dear all,

Please tell me which person is required for audit for income tax purpose.

Thanks in advance.

Rupesh Jain

Rupesh Jain (Expert)
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20 July 2013 DEAR SIR
YOU HAVE NOT MENTION WHAT TYPE OF INCOME OR WHAT TYPE OF BUSINESS .

IN TRADING SALE NOT MORE THAN 100 LACS AND YOU DECLARE 8% NET PROFIT THEN NO REQUIREMENT OF AUDIT

IF PROFIT LESS THAN 8% THEN YOU HAVE TO TAKE AUDIT REPORT

Bijender

Bijender (Querist)
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22 July 2013 Dear sir,
I want to know for the individuals, which person is not required and which person is required for audit in the income tax purpose