Compulsion of audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2012
I show my business income below 8% in income tax return, whether there is any liability to done my account audited under income tax, if yes then under what section.
Amol S Joglekar
(Expert)
18 August 2012
44AD, AE specify that in case the profit is below the limits mentioned in those sections, respectively, you need to get a certificate from CA ( auditor)in the form specified in that section.
Amol S Joglekar
(Expert)
18 August 2012
section 44AD(5)
CA CS Amit S. Kedia
(Expert)
18 August 2012
Pls tell me the nature of business..
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