audit applicable or not
This query is : Resolved
03 April 2009
we are comm. agent & as so we receive comm on sale.
(for sale/pur it is 40 lacs for a/c to be audited).
what is the limit for "a/c to be audited" in our case?
(for sale/pur it is 40 lacs for a/c to be audited).
what is the limit for "a/c to be audited" in our case?
03 April 2009
Dear Vijay,
As u are covered under non-specified profession, the limit is:-
If Gross Receipts exceeds 10Lakhs
or
Income from such business exceeds Rs.120000
then audit is applicable.
As u are covered under non-specified profession, the limit is:-
If Gross Receipts exceeds 10Lakhs
or
Income from such business exceeds Rs.120000
then audit is applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- Off Market debit and credit transaction
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR selection for salaries and capital gain less than L
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- ITR returnFY25-26
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
