School audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 October 2014
PRIMARY SCHOOLS TURNOVER & RECEIPT COMES TO RS. 20 LAKHS ONLY, DO I NEED TO FILE INCOME TAX RETURN AND CONDUCT AUDIT WITH ANY REASON PLEASE HELP ME TO WITH OTHER LEGAL FORMALITIES AS PER INCOME TAX AND OTHER PLEASE
CA R SEETHARAMAN
(Expert)
19 October 2014
If you are an individual no audit is required for this turnover. If you are earning taxable income you have to file the income tax return.
19 October 2014
if ur trust registered under income tax act then tax audit is required and file form 10B
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