Eligible for tax audit or not
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 November 2013
Dear sir,
"A business having less than 1 crore of turnovers and also profit is below 8%. In this case, the business would have to do TAX audit or NOT. Please answer the question as soon as.
"A business having less than 1 crore of turnovers and also profit is below 8%. In this case, the business would have to do TAX audit or NOT. Please answer the question as soon as.
01 November 2013
if your business is eligible business and 8% of total turnover is less than maximum amount not liable to tax, then no need to get audit
in other case if you declares profit below 8%, you have to do audit
in other case if you declares profit below 8%, you have to do audit
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