Audit
This query is : Resolved
Sakshi Mittal
(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
Vishnu Saboo
(Expert)
01 August 2014
https://taxguru.in/income-tax/compulsory-maintenance-of-books-of-account-under-income-tax-act-1961.html
Nikhil Kaushik
(Expert)
02 August 2014
there is no limit on 44AD audits.....
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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