Audit matter
This query is : Resolved
somaj sagolsem singh
(Querist)
30 May 2019
Sir,
can you tell me is it auditable or what? I got Rs 1,86,91,575/- in sub contractor income. now want to know its income are audit compulsory. And In which ITR (3 or 4) i have to file?
can you tell me is it auditable or what? I got Rs 1,86,91,575/- in sub contractor income. now want to know its income are audit compulsory. And In which ITR (3 or 4) i have to file?
Zeal Bangdiwala
(Expert)
04 June 2019
If you offer income u/s 44AD (assuming that the nature of income is not commission,brokerage) then there is no requirement of audit. However, if you opt for normal provisions of income tax than you shall have to get the books of accounts audited.
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