Section relevant for audit
This query is : Resolved
ANMOL ANKITA
(Querist)
09 September 2019
Assessee had always been eligible for audit until AY 2019-20 wherein his turnover is less than Rupees One Crore and Net Profit is more than 8% of turnover.
In order not to break the sequence of audit reporting, Assessee is interested to audit his books of account even for AY 2019-20.
Can the CA audit such a case?
If so, under which relevant section of the Income Tax Act shall he be eligible for Tax Audit?
In order not to break the sequence of audit reporting, Assessee is interested to audit his books of account even for AY 2019-20.
Can the CA audit such a case?
If so, under which relevant section of the Income Tax Act shall he be eligible for Tax Audit?
CA R SEETHARAMAN
(Expert)
10 September 2019
No. he can't do tax audit in such a case as there is no section under income tax the assessee shall be eligible for tax audit.
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