Clause-8 Tax Audit report
This query is : Resolved
28 August 2023
Mr X turnover 1.50 Lac (all cash) and NP 4.00 Lac in FY-22-23 doing business
Never opted 44AD earlier
and do not want to opt 44AD current year .
Which clause will be applicable as per clause 8 in Tax audit report
1.Clause 44AB(a)- Total sales exceeding specified limits
2.Clause 44AB(a)proviso-
Thanks In Advance
Never opted 44AD earlier
and do not want to opt 44AD current year .
Which clause will be applicable as per clause 8 in Tax audit report
1.Clause 44AB(a)- Total sales exceeding specified limits
2.Clause 44AB(a)proviso-
Thanks In Advance
28 August 2023
I assume turnover 1.50 crore (in query it's stated as 1.50 lacs).
In such a case:
1.Clause 44AB(a)- Total sales exceeding specified limits applicable.
In such a case:
1.Clause 44AB(a)- Total sales exceeding specified limits applicable.
29 August 2023
Sir
when will we use the clause
1.Clause 44AB(a)proviso-
Kindly clear.
when will we use the clause
1.Clause 44AB(a)proviso-
Kindly clear.
29 August 2023
Total sales exceeding 1 crore for which tax audit applicable.
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