banner_ad

IF TURNOVER CROSS 1CR AUDIT

This query is : Resolved 
Profile Image

Profile Image

(Querist)
17 July 2023 turnover Rs 1.10 cr (without gst) including gst Rs 1.16 cr for ay 2023-24 in previous year continue filing ITR 4 under US 44AD. Should go for audit or continue with 44AD (cash expense more than 5%)
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
17 July 2023 Continue with presumptive assessment u/s. 44AD, no tax audit liability.
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
17 July 2023 What is the nature of business entity...??? individual or company
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
19 July 2023 As ITR for preceding year is filed under sec. 44AD IT act, so the assessee is eligible for the presumptive assessment. It would be always preferable to continue the trend for at least next five years.
Profile Image

VIKAS KUMAR SHARMA

Profile Image

VIKAS KUMAR SHARMA (Querist)
19 July 2023 Thanks a lot for ALWAYS PROMPT REPLY! SIR
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
19 July 2023 You are welcome.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details