Tax audit

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shailesh gupta (Querist)
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14 July 2018 Hello Freinds...

i have dought on....

where i have bussiness income of Rs. 90 lakh . and my net profit is 4 lakh. whether i require to get tax audit ( as im showing less than 8% where as. Im not opting 44AD)

in short..!!

in case im not opting for 44AD and my income is Less than 8% and profit is more than basic exemption limit
do i required to get Tax audit....
or im exempt from tax audit as turnover is less than 1 crore and im not opting for 44AD

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 July 2018 As you are declaring less than 8% profit and profit is more than basic exemption limit tax audit applicable to you.

shailesh gupta

shailesh gupta (Querist)
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14 July 2018 but sir im not not opting for 44AD,

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 July 2018 If you opt 44AD tax audit not applicable else tax audit applicable.

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