Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 April 2013
Respected sir/madam
I am having a doubt that if a person is having a business turnover of rupees 75 lac's, and he his profit is less than 8 percent and he is maintaining books of accounts so whether he has to get his books audited before filing a Return or he can file return without geting his books audited. and I don't want to show his income Under section 44AD.
I am having a doubt that if a person is having a business turnover of rupees 75 lac's, and he his profit is less than 8 percent and he is maintaining books of accounts so whether he has to get his books audited before filing a Return or he can file return without geting his books audited. and I don't want to show his income Under section 44AD.
Dintakurthi Tirumala
(Expert)
12 April 2013
If his gross total income exceeds the basic exemption limit then required to make tax audit other wise tax audit not required.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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