Applicability of tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2013
PY the TO was 68lacs and was subject to tax audit. CY the TO is 80 lacs. is the Tax audit applicable bcas PY was tax audit and CY also it must be subject to tax audit ?
28 July 2013
There is no stipulation that CY accounts should be audited if PY account's is covered u/s 44AB.
Now, you have to look into the provisions of section 44AD to determine whether CY account's is to be audited or not.
Now, you have to look into the provisions of section 44AD to determine whether CY account's is to be audited or not.
30 July 2013
if you are having business then no tax audit is applicable to you in this year u/s 44AB.
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