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
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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