44AB AUDIT
This query is : Resolved
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CMA ALKESH PATEL
(Querist)
24 June 2020
HELLO SIR,
MY CLIENT IS PARTNERSHIP FIRM,
HE GET HIS ACCOUNT AUDIT UNDER SEC 44AB FOR LAST 3 YEAR,
NOW F.Y. 2019-20 TURNOVER IS 82,00,000 AND PROFIT IS LESS THEN 8%/6% AND MAINTAIN BOOKS OF ACCOUNTS AS PER SEC 44AA.
MY QUESTION IS
1} IN THIS CASE A.Y 2020-21 TAX AUDIT IS APPLICABLE ? IF YES SO GIVE ME SEC. NOTE.
2} IT IS COMPULSORY TO GET ACCOUNTS AUDIT FOR CONTINUES FOR 5 YEAR ?
IF YES SO GIVE ME SEC. NOTE.
MY CLIENT IS PARTNERSHIP FIRM,
HE GET HIS ACCOUNT AUDIT UNDER SEC 44AB FOR LAST 3 YEAR,
NOW F.Y. 2019-20 TURNOVER IS 82,00,000 AND PROFIT IS LESS THEN 8%/6% AND MAINTAIN BOOKS OF ACCOUNTS AS PER SEC 44AA.
MY QUESTION IS
1} IN THIS CASE A.Y 2020-21 TAX AUDIT IS APPLICABLE ? IF YES SO GIVE ME SEC. NOTE.
2} IT IS COMPULSORY TO GET ACCOUNTS AUDIT FOR CONTINUES FOR 5 YEAR ?
IF YES SO GIVE ME SEC. NOTE.
CA R SEETHARAMAN
(Expert)
24 June 2020
1 No, tax audit not applicable.
2 No, it's not compulsory in such a case.
2 No, it's not compulsory in such a case.
CMA ALKESH PATEL
(Querist)
26 June 2020
THANK YOU SIR ,
CA R SEETHARAMAN
(Expert)
26 June 2020
Welcome............
.
.
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