Is it mandatory for tax audit
This query is : Resolved
19 January 2015
If Net Profit is Less 8% out of Total Turnover is More Than 80 Lacs, but not exceeding of Rs.1 Crore.
Nature of Business "Printing of Books"
Kindly Guide.
Nature of Business "Printing of Books"
Kindly Guide.
19 January 2015
Yes it is mandatory for tax audit provided profit is more than basic exemption limit.
19 January 2015
there are some nature of business exempt from tax audit, whether its net profit is less than 8% or more than, so i have a doubt "Printing of Books", is it exempt or not.
19 January 2015
If profit is 8% or more and turnover not exceeding 1 crore tax audit not applicable. For printing business no exemption.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- GSTR-4 Annual Return ! Pending Returns for F.Y. 20-21 to 22-23
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- BIS Certificates
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Capital Gain on EUITY Shares
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
