Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 May 2015
My last year ( FY year ending March-14) turnover is audit case (above one crore) i got my books audited.
Current year ( FY year ending March-15) turnover is less than one Crore.
Am i liable for Tax Audit.
Till now i have not taken TAN, am i liable to get the TAN, if i have not claimed any expenses above the TDS limit.
Because as per by business situation in future my turnover will be less than One crore thats why i dont want to take TAN.
Please guide.
Current year ( FY year ending March-15) turnover is less than one Crore.
Am i liable for Tax Audit.
Till now i have not taken TAN, am i liable to get the TAN, if i have not claimed any expenses above the TDS limit.
Because as per by business situation in future my turnover will be less than One crore thats why i dont want to take TAN.
Please guide.
12 May 2015
if your gross turnover do not exceed rs 1 crore in case of business in fy 2014-15 then you are not liable to tax audit.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- GST ON DAMAGED GOODS
- Last year TDS Claim
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
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
