Assessment and audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2013
At which time or Period a dealer need for Assessment. what is the procedure of assessment.
Rupesh Jain
(Expert)
29 June 2013
under income tax if sale are for f y 2012-13 rs. 1.00 crore or more take audit report u/s 44AB
if sales are less than above and profit is 8% of sale then u/s 44AD declare the income
and in every assessment year he file his financial year return before due date
in audit case is 30.9.2013 for non audit 31.7.2013 for F y 2012-13
if sales are less than above and profit is 8% of sale then u/s 44AD declare the income
and in every assessment year he file his financial year return before due date
in audit case is 30.9.2013 for non audit 31.7.2013 for F y 2012-13
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