banner_ad

Partnership firm

This query is : Open 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 December 2017 Dear Sir,

My Gross Receipt is Rs. 758650/- and Net Profit is Rs. 14685/-.
Do I need to do tax audit if it is less than 8% ???


thanks
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
05 December 2017 Yes, tax audit u/s 44AB(e) is required.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
05 December 2017 What to do if not want to do tax audit ??? Now what to do if it is for F.Y. 2016-17 ???
Avatar

Expert : Anonymous

Profile Image
Expert : Anonymous (Expert)
05 December 2017 Show profit above 8 percent.... If you have books of accounts then you ll be file u/s 44aa and profit above 8 percentage... If you don't have books of accounts then go to file u/s 44ad* and profit above 8 percentage... Note: Check your eligibility of section 44AD...
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
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
14 May 2026
Financial Analyst - Remote Finance Expert

HiringBridge

Ahmedabad

CA

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details