banner_ad

44AB Query

This query is : Resolved 
Profile Image

Profile Image

(Querist)
01 June 2011 Assessee has business of manufacturing machines and also provide installation facility. His got Rs 41 Lacs as business receipts & Rs15.07 Lacs (cum service tax) as installation charges (total Rs 56.07 Lacs). Is he required to get his account audited?
Profile Image

CA KRISHNA KUMAR DARUKA

Profile Image

CA KRISHNA KUMAR DARUKA (Expert)
02 June 2011 No tax audit is required as his gross receipts/turnover is less than 60 lakhs.
Profile Image

Praveen Sharma

Profile Image

Praveen Sharma (Expert)
02 June 2011 agree with expert.
Profile Image

Gourav Kapoor

Profile Image

Gourav Kapoor (Querist)
02 June 2011 thanks all....
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
02 June 2011 But he has to get his accounts audited in case he shows Net Profit less than 8% of turnover.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details