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Audit

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(Querist)
01 August 2014 my query is what is the limit of audit for a books dealing firm is criteria of 8% profit also applicable on this firm
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Vishnu Saboo

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Vishnu Saboo (Expert)
01 August 2014 https://taxguru.in/income-tax/compulsory-maintenance-of-books-of-account-under-income-tax-act-1961.html
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 August 2014 there is no limit on 44AD audits.....
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Rupesh Jain

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Rupesh Jain (Expert)
02 August 2014 8% net profit you can declare of sales if your sales below 1.00 crore. it is above 1 crore then take audit under section 44AB .
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