44ab
This query is : Resolved
02 June 2018
1. if one person turnover less than 1 crore and his profit less than 8% then he is required to do audit or not???
2.if one person turnover less than 1 crore and his profit less than 250000 then what do?????
2.if one person turnover less than 1 crore and his profit less than 250000 then what do?????
02 June 2018
Please go to read this following article. You can get some clarity about tax audit as per your query
https://taxguru.in/income-tax/applicability-tax-audit-related-income-tax-provisions.html
https://taxguru.in/income-tax/applicability-tax-audit-related-income-tax-provisions.html
02 June 2018
thank you sir
but this article is posted on 31/01/2015
some changes is done in section 44ab
but this article is posted on 31/01/2015
some changes is done in section 44ab
02 June 2018
Yes.. You are correct...
But,
Based on your query the article is suitable...
1. Yes... Audit required if shown less than 8% and above BEL.
2. Tax Audit not required for Profit less than BEL...
But,
Based on your query the article is suitable...
1. Yes... Audit required if shown less than 8% and above BEL.
2. Tax Audit not required for Profit less than BEL...
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