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
18 September 2026
Accounts & Finance Specialist

ULTRA CHEMICAL WORKS

Thane

CA Final

View Details
Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
26 September 2026
Chartered Accountant

pushpganga ventures

Pune

CA

View Details