Section 44AB
This query is : Resolved
28 September 2008
As per setion 44AB tax audit is done if turnover is more than 40 Lakhs ( Business) and 10 Lakhs (Professional).
What are the other conditions in which Tax Audit is compulsory?
Please give some illaborate information on this topic.
If possible mention the Laws(Acts) related to these conditions?
Thanks
What are the other conditions in which Tax Audit is compulsory?
Please give some illaborate information on this topic.
If possible mention the Laws(Acts) related to these conditions?
Thanks
28 September 2008
for e.g 44AD,44AE,44AF ,if presumptive rate of income is not accepted.
Ravikumar.G
(Expert)
29 September 2008
Assessee carrying on business referred to u/s 44AD/AE/AF/BB/BBB and declaring lower income than prescribed.
30 September 2008
Sir,
Is there any condition for tax audit, if purchases or sale increase some specified limit.
Is there any condition for tax audit, if purchases or sale increase some specified limit.
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