Tax audit


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 June 2013 Dear sir

plz tell for what kind of business & turnover for which tax audit is required.is there is necessary to maintain books of account for tax audit ?

plz give me answer.

regards

21 June 2013 any trading business having turnover rs. not exceeds Rs. 100 lacs and you declare proft@ 8% then no audit required u/s 44AB

if you have declare 8% then required audit U/s 44AB.

if your turn over exceeds rs. 100 lacs
then you have to audit u/s 44AB ( profit % no matter)
if you income is or over rs. 120000/- or turnover Rs. 10.00 lcas then you have to maintain books of account specified U/s 44AA



Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 June 2013 not cleared point no 1 & 2

21 June 2013 yes it necessary to maintain books of account of you account are subject to tax audit.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 June 2013 If turnover is below 1 crore.& income is 8 %. is tax audit is required ?

Regards

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 June 2013 If turnover is below 1 crore.& income is 8 %. is tax audit is required ?

Regards

21 June 2013 Not required in that case.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 June 2013 If turn over is below 1 crore and income is below the 8 % of turnover.then ITR 4 sugam will be filed after tax audit. Am I right ?

21 June 2013 no if profit in aslo belo 8% , then you need to file ITR-4 with tax audit report


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
ARTICLESHIP 24 August 2026
Article Assistant

M/s.S.G.Salecha & Co.

Mumbai

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details