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Regarding tax audit

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(Querist)
06 November 2017 IF A PROFESSIONAL HAVING RECEIPT 23 LAC SHOWS HIS PROFIT 7 LAC, WHETHER TAX AUDIT REQUIRED OR NOT.
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Sumeet

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Sumeet (Expert)
06 November 2017 Audit is required for a professional if profit shown is less than deemed profit under section 44ADA (i.e. 50% of Gross Reciepts) and total income exceeds maximum amount not chargeable to tax. Since you satisfy both the conditions, tax audit will be applicable in your case.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 October 2021 What is the nature of your profession?
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