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Audit of accounts

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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2014 My sales is Rs. 89,00,000

My Expeses Is Rs. 87,00,000

i having dedution under 80C Rs.50,000

My Net Profit is Rs. 2,00,000/-

my Total Net Income After 80C is Rs. 1,50,000/-

Wheter i have to audit my account
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
08 September 2014 if ur having business then no tax audit is applicable in this case as it doesnt exceed rs 100 lakhs
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 September 2014 but my profit is below 8% so my friend advice me to get audited your accounts
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
09 September 2014 you havent mentioned this fact in ur above querry and ur friend is right
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CHHELU GOVALIYA

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CHHELU GOVALIYA (Expert)
09 September 2014 i agree with tushar




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