in A.Y 2019-20 Turnover 9400000/- and profit less then 8 % audit is done as per rules in a.y. 2020-21 sale 125000 and business close profit approx. 10000 should i need to do 5 year compulsory audit.

Can anyone please suggest me the exact Due Date for TAX Audit for FY 2019-2020 and return filling for same.

is it 31st December, 2020 or 31st Jan, 2021

My Last year turnover was more then 1 cr. and my Tax audit was done in last FY 18-19. but in this FY 19-20 my total turnover is below 60 lac. My query is :
1. Tax audit is compulsory for me ?
2. If my turnover is less in the years ahead, then for how many years will I have to be audited.

Thanks

Hi. One of my client has incurred soil investigation costs originally intended for building construction. However, the construction was cancelled. What type of expense should I recognize the incurred Soil Investigation, Engineering and Architectural services? I initially capitalized the said costs as CIP and want to reclassify as an expense.

An assessee is engaged in F & O trading and Share trading and comed underthe purview if tax audit.

Whether in Clause 35 of Form 3CD, qunatitive details shall be reported of the following as he is in trading business:

a. Delivery based share trading
b. Intraday share trading
c. F & O trading

A private limited company has profit before tax and loss after tax due to MAT credit utilisation. In the opinion paragraph of the Independent Auditors' Report, under the comment about statement of affairs of the company, is it appropriate to write as profit for the year or to write loss for the year ? Kindly justify the answer.

IN CASE OF PRIVATE LIMITED COMPANY IF TURNOVER IS LESS THAN RS.1 CRORE IS IT REQUIRED TO GET AUDITED IN INCOME TAX ACT U/S 44AB AS TAX AUDIT?AND IS LIMIT COMPLIANCE OF NOT MORE THAN 5% OF RECEIPTS AND PAYMENT IN CASH REQUIRED TO BE SEEN FOR GETTING THIS COMPANY AUDITED IN TAX AUDIT IN INCOME TAX ACT?KINDLY GIVE ANSWER AS SOON AS POSSIBLE.

in A.Y 2019-20 Turnover 9400000/- and profit less then 8 % audit is done as per rules in a.y. 2020-21 sale 125000 and business close profit approx. 10000 should i need to do 5 year compulsory audit.

Good Evening,

I am lookout for Internal audit plan and checklist for manufacturing company.

Anyone, please help me and I need to it as soon as possible for preparing for some audit.

My email: ialearner01@gmail.com

Thanks in advance & kind regards,

Haider

Respected Sir/Medam
can Income Tax Return Of Limited Liability Partnership firm (LLP) file without DSC ? (in case no tax audit u/s 44AB)