Tax audit
This query is : Resolved
23 September 2014
a person carrying on agency business having
sales 30 lacs and np ratio 6.12 %
are liable to audit.
sales 30 lacs and np ratio 6.12 %
are liable to audit.
Nikhil Kaushik
(Expert)
23 September 2014
no...agency services are not covered under 44AD. So no requirement for audit till the turnover is less than Rs 1 cr
CA P K AGRAWAL
(Expert)
24 September 2014
agency business is not covered u/s. 44 ad?? but now 44ad covered all businesses?
Nikhil Kaushik
(Expert)
25 September 2014
Sir, you may refer to Section 44AD(6)(iii)
25 September 2014
nihkil is correct as agency business are not covered by sec 44AD
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