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Compulsion of audit

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Querist : Anonymous

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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.
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Amol S Joglekar

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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.
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 August 2012 section 44AD(5)
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
18 August 2012 Pls tell me the nature of business..
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