Tax audit
This query is : Resolved
CA Goush Abdulla
(Querist)
30 October 2013
Hi, One of my client deposited Rs. 1 crore in his saving bank account. And his case is selected under scrutiny, now the AO want his account to be audited to show the details of Rs 1 crore. My question is,that his business income/ turnover is less than the limit under sec 44AA and 44AD. So is it compulsory to do Audit. Provide details with relevant case laws.
Thanks in Advance
Thanks in Advance
CA UMESH DULAL
(Expert)
30 October 2013
plz mentioned the AY
Nikhil Kaushik
(Expert)
30 October 2013
see when Rs 1 cr is deposited in the bank account then unless you are able to prove that the said amount doesnt constitute your turnover the AO will ask for the audit. I presume that the query is for earlier AS as the scrutiny for current year has barely started.
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
- EPF ECR NEW FILE SEP 17TH 2026
- Import of Software Service.
- Under marginal scheme
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- Oct 2025 Invoices
- Non filing of I T Returns
- Utilisation Fy 25-26 TDS challans in Fy 26-27 TDS Return
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on Fixed Assets purchased
- Capital Gail Exemption Certificate
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
