Ceiling limit of tax audit
This query is : Resolved
03 June 2019
Hello Respected Members,
I have one doubt. If person is having turnover below 2 cr but more than 1 cr and showing profit less than 8% as prescribed under section 44AD of IT Act,1961. He is doing Audit u/s 44AB(e) clause as it is less than 2 cr
this type of Audit will be counted in 60 Audit or not
Kindly give reply
I have one doubt. If person is having turnover below 2 cr but more than 1 cr and showing profit less than 8% as prescribed under section 44AD of IT Act,1961. He is doing Audit u/s 44AB(e) clause as it is less than 2 cr
this type of Audit will be counted in 60 Audit or not
Kindly give reply
CA R SEETHARAMAN
(Expert)
03 June 2019
No, this type of Audit will not be counted in 60 Audit
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