23 July 2019
Hello Everyone.. FOR A PROPRIETORSHIP FIRM, WE HAVE FILED ITR ON 30 SEPT WITH TAX AUDIT REPORT FOR FY 17-18 AS TURNOVER FOR PY WAS MORE THAN 1 CR. BUT NOW IN FY 18-19, TURNOVER IS LESS THAN 1 CRORE..SO WHETHER AUDIT REPORT IS REQUIRED OR NOT AND DUE DATE FOR FILING ITR WILL BE 31ST JULY, 2019?? Please explain with example
23 July 2019
If you are doing an 'eligible business' as defined in section 44AD and the income offered is less than 8% OR 6 % , as the case may be, of the turnover, tax audit is required in FY 2018-19.
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