Section 44ad
This query is : Resolved
Pravesh Diwakar
(Querist)
25 September 2015
15 vehicle in my business so i liable for Audit and if yes so which Section liable for audit
RahulMehta
(Expert)
25 September 2015
I guess it is business of good carriage.
44AE is not applicable on your business since is is having more than 10 vehicle.
Tax Audit u/s 44AB would be done if turnover exceeds 1.2 crores.
44AE is not applicable on your business since is is having more than 10 vehicle.
Tax Audit u/s 44AB would be done if turnover exceeds 1.2 crores.
Pravesh Diwakar
(Querist)
25 September 2015
If my turnover is less than 1 crores than i liable for audit in any section
RahulMehta
(Expert)
25 September 2015
no....not required.....
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