Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 August 2013
Dear Sir,
In case of a manufacturer whose total sale is Rs. 11 lacs and profit is only 75000/-.
Whether he is required to audit or not?
In case of a manufacturer whose total sale is Rs. 11 lacs and profit is only 75000/-.
Whether he is required to audit or not?
31 August 2013
u need to check the gross sales or gross turnover if it exceeds rs 1 crore then tax audit u/s 44AB is applicable otherwise not.
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 September 2013
as the above case, profit is less then 8%, then audit is applicable or not?
02 September 2013
Yes in this case audit is applicable.
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