Income tax audit under 44ab
This query is : Resolved
Pranali Bhandari
(Querist)
07 February 2023
Assessee is Partnership Firm,
Turnover is 1.5 cr,
Profit is 6.39% after partner's remuneration.
Cash Receipts and Cash Payment below 5%
they got a notice u/s 139(9) as defective return that books of accounts should be audited.
Please advise we require the books of accounts should be audited u/s 44ab
Turnover is 1.5 cr,
Profit is 6.39% after partner's remuneration.
Cash Receipts and Cash Payment below 5%
they got a notice u/s 139(9) as defective return that books of accounts should be audited.
Please advise we require the books of accounts should be audited u/s 44ab
CA R SEETHARAMAN
(Expert)
07 February 2023
Audit not required as Cash Receipts and Cash Payment below 5% and turnover below 5 crore.
Reply to the defective notice.
Reply to the defective notice.
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