A person trade business turnover rs:1.75 crores and profit rs:20 lacs f.y.22-23.
question:
assessess tax audit applicable f.y.22-23
Menu
Tax audit applicable f.y.22-23
Replies (2)
Not applicable, just file ITR-4 declaring profit of 20L.
If cash transactions (receipt as well as payments) are above 5%, and also if income not declared under presumptive assessment, then tax audit u/s. 44AB IT act, mandatory.
Recent Threads
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
Related Threads
CAclubindia
