Reg app of audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2013
sir, madam
a lab. contractor whose gross total inc in fy 2011-12 was 20lac,filed itax ret 4s .since he was nt maint books of acc.8% of gross receipts.
now in the fy 2012-13 ,he maintain books of acc and gross receipts comes to 18lacs.
is he liable for audit ?since receipts are less as compared to last year .can he file regular itr 4 ret?
plz ans my query
a lab. contractor whose gross total inc in fy 2011-12 was 20lac,filed itax ret 4s .since he was nt maint books of acc.8% of gross receipts.
now in the fy 2012-13 ,he maintain books of acc and gross receipts comes to 18lacs.
is he liable for audit ?since receipts are less as compared to last year .can he file regular itr 4 ret?
plz ans my query
09 August 2013
up to 100lacs No need to audit for FY2012-13&
continue with itr-4s of 8% or more profit from gross receipt.
continue with itr-4s of 8% or more profit from gross receipt.
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09 August 2013
for more detail read section 44
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