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Tax Audit U/s 44AD

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30 September 2016 I am a retailer of furniture goods and my turnover below 1 crore and my profit is 6 lac aprox for the FY 2015-16 should go for tax audit

30 September 2016 If Profit is 8% or More of Turnover Than you don't need to go for Audit, You can file only ITR.
Thanks.

30 September 2016 Its mean my profit consider under 44AD for tax auditing




30 September 2016 Yes your profit percentage of turnover is decide whether you have to audit your accounts or not..
Thanks.



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