Aop

This query is : Resolved

Santosh Singh (Querist)
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13 September 2017 Dear Sir/ Ma'am

is it mandatory to audited the account for an AOP which income is below 5 lakh

Ashiwini Ballodia (Expert)
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13 September 2017 Audit is not mandatory u/s 44AB if other condition are satisfied

Santosh Singh (Querist)
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13 September 2017 sir other condition like, please help

Ashiwini Ballodia (Expert)
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13 September 2017 If the AOP has business than the turnover does not exceeds 1CR & the profit in case of business should not be claimed below 8%

Santosh Singh (Querist)
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13 September 2017 Thank You very much sir

Ashiwini Ballodia (Expert)
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13 September 2017 Welcome Santosh Singh Ji

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