Easy Office
LCI Learning

Tax Audit

This query is : Resolved 

12 September 2020 A Firm has a turnover of Rs. 3 crores and satisfies the condition regarding cash payments / receipts being less than 5% of turnover.
My question is whether the firm can declare income less than 8%/6% or loss and still not get its accounts audited and file its return?
As the limit for section 44AD is turnover of Rs. 2 crore.

12 September 2020 Accounts need not be audited u/s proviso to 44AB(a). So return can be filed as per book results.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries