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.

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

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

22 July 2013 Person covered under sec.44AB need to audit under income tax, others not required


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