Tax audit
This query is : Resolved
30 June 2013
I AM SMALL MANUFACTURER ,MY TURNOVER FOR AY 2013-14 , RS 7500000.NET PROFIT 5% ,
AM I LIABLE FOR TAX AUDIT FOR AY 2013-14
AM I LIABLE FOR TAX AUDIT FOR AY 2013-14
CA PARAS BAFNA
(Expert)
30 June 2013
YES, AS THE NET PROFIT IS LESS THAN 8% OF TURNOVER, AUDIT IS REQUIRED U/S 44AB(d).
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