TAX Audit
This query is : Resolved
18 November 2020
Dear sir,
Since Two Years i Have filled My IT Return Without Audit because of less Turnover
But This fy 2019-20 Turnover is 1.5cr so is it compulsory to Audit ?????
Once If i Filed Audit then every year to Audit or not ???
Please Suggest
Thank in Advance
Since Two Years i Have filled My IT Return Without Audit because of less Turnover
But This fy 2019-20 Turnover is 1.5cr so is it compulsory to Audit ?????
Once If i Filed Audit then every year to Audit or not ???
Please Suggest
Thank in Advance
19 November 2020
It's compulsory for audit as turnover exceed 1 crore. To avoid audit opt 44AD declare 8% profit.
Every year audit is not compulsory when turnover is below 1 crore.
Every year audit is not compulsory when turnover is below 1 crore.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Cgst asmt - 10
- CAN a GSTIN registered under rule 14A opt for composition scheme without withdrawal from rule 14A ??
- RELATED TO ITR OF POLITICAL PARTY
- E-Invoice applicability related question
- PTEC-payment
- Expenses in f&o trading
- Rejection of the application for the registration of a society in Andhra Pradesh state
- Employee claim Expnese Invoices
- Charity work ISD
- Dividend to NRI shareholder
- Fy 22-23 --> tyed more in gst 3b vs 2b, any interest?
- INCOME TAX QUERY FY25-26()\
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- GST ON PERSONAL MOTORCAR SOLD
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
