Due date of return
This query is : Resolved
prashant jain
(Querist)
21 July 2012
sir my turnover is less than 60 Lac & My Net Profit Also Less then 8%. As per Rule When Net profit Below 8 % Income Tax Audit Is Must. But I Am Little bit Confused For Due Date Of return Fileing What Is Due Date Of return Fileing. Please Guide Me
prateek aanchalia
(Expert)
21 July 2012
dear prashant
if u maintain books of accounts than not required to tax audit..in that case due date is 31 july..
but u r liable to tax audit when -(non maintain of books of accounts and u want to submit return under 44AD presumptive tax basis- if net profit below 8% than tax audit required)
than also due date 31 july
if u maintain books of accounts than not required to tax audit..in that case due date is 31 july..
but u r liable to tax audit when -(non maintain of books of accounts and u want to submit return under 44AD presumptive tax basis- if net profit below 8% than tax audit required)
than also due date 31 july
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