Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 November 2014
MY TURNOVER IS 40 LAKH AND NET PROFIT @ 3% i.e. Rs. 1,20,000 means below taxable limit, whether tax audit applicable in my case
CS Mitesh Mehta
(Expert)
03 December 2014
No
An Assessee is liable to get his Tax Audit done by a Chartered Accountant mandatorily, if in the previous year,the Person is carrying on business and his Total Sales/Turnover exceeds Rs. 1 Crore
An Assessee is liable to get his Tax Audit done by a Chartered Accountant mandatorily, if in the previous year,the Person is carrying on business and his Total Sales/Turnover exceeds Rs. 1 Crore
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