Tax audit 44 ab- discontinued business
This query is : Open
06 April 2018
Previous year Turn over (A.Y 2017-18) Rs. 3.03 crores but current year (A.Y 2018-19) the turn over with in one core also the entity discontinue the operation and it is the final return. Is Tax audit applicable? Form 3CB-3CD sall be file?
06 April 2018
if the turnover is one crore, then audit will still apply
06 April 2018
Yes... If T/O is One Crore then Tax Audit applicable.
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