Audit
This query is : Resolved
30 July 2011
The profit in proprietary concern is about 0.80%, is it mandatory to get the book of accounts audited by a CA. (may be Section 44ab)
The total turnover (net of sales) = 18,35000.00
Profit = 15000.00
15000/1835000 = 0.81%
please help.
The total turnover (net of sales) = 18,35000.00
Profit = 15000.00
15000/1835000 = 0.81%
please help.
CA Ashwani Agarwal
(Expert)
30 July 2011
No need of compulsory audit as the profit is less below the maximum amount not chargeable to tax.
30 July 2011
i was told that if the book profit is less than 8% of the total sales / receipts, than it is lialbe for audit by CA.
can in file ITR-IV without CA's signautre?
can in file ITR-IV without CA's signautre?
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