21 September 2014
AN INDIVIDUAL ASSESSEE WANT TO GET HIS ACCOUNT AUDIT BUT HIS TOTAL RECEIPTS IS RS.1400000 AND NET PROFIT IS 650000. SO PLEASE TELL ME THAT UNDER WHICH SECTION IT SHOULD BE AUDITED? AS PER ME IT SHOULD NOT BE AUDITED UNDER 44AB. WHETHER FORM 3CD IS ALSO REQUIRED TO BE GIVEN?
21 September 2014
audit is done under a particular clause of 44AB...tell me under which clause will you audit?
Querist :
Anonymous
Querist :
Anonymous
(Querist)
21 September 2014
Thats what i am also asking. Please tell me that if a person what to get his accounts audited irrespective of the gross receipts,then it can't be audited as his gross receipts doesn't goes above crore?? That's can't be the answer. If client is ready for audit then we should not have any problme/
21 September 2014
the answer is you cannot to the tax audit unless it falls under 44AB. You can certify his accounts but that makes no difference to tax authorities and his due date for filing return will remain 31 July only