Audit requirement for individuals for income tax
This query is : Resolved
20 July 2013
Dear all,
Please tell me which person is required for audit for income tax purpose.
Thanks in advance.
Please tell me which person is required for audit for income tax purpose.
Thanks in advance.
Rupesh Jain
(Expert)
20 July 2013
DEAR SIR
YOU HAVE NOT MENTION WHAT TYPE OF INCOME OR WHAT TYPE OF BUSINESS .
IN TRADING SALE NOT MORE THAN 100 LACS AND YOU DECLARE 8% NET PROFIT THEN NO REQUIREMENT OF AUDIT
IF PROFIT LESS THAN 8% THEN YOU HAVE TO TAKE AUDIT REPORT
YOU HAVE NOT MENTION WHAT TYPE OF INCOME OR WHAT TYPE OF BUSINESS .
IN TRADING SALE NOT MORE THAN 100 LACS AND YOU DECLARE 8% NET PROFIT THEN NO REQUIREMENT OF AUDIT
IF PROFIT LESS THAN 8% THEN YOU HAVE TO TAKE AUDIT REPORT
22 July 2013
Dear sir,
I want to know for the individuals, which person is not required and which person is required for audit in the income tax purpose
I want to know for the individuals, which person is not required and which person is required for audit in the income tax purpose
CMA Ramesh Krishnan
(Expert)
22 July 2013
Person covered under sec.44AB need to audit under income tax, others not required
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