Audit required or not
This query is : Resolved
31 March 2016
a individual have salalry income 4.50 lacs and
business sales 60 lacs and profit from business rs 90 thousands
its audit required or not
due to u/s 44AB business income not excess from exempt limit.
business sales 60 lacs and profit from business rs 90 thousands
its audit required or not
due to u/s 44AB business income not excess from exempt limit.
31 March 2016
Tax audit is required as the individual is having income exceeding basic exemption limit, including salary and declaring less than 8% profit in business.
31 March 2016
Tax audit is required to be done.
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