Tax audit applicability ???
This query is : Resolved
CA Nidhi Kanabar
(Querist)
13 July 2024
partnership firm turnover is 2.46 CR AND PROFIT IS 3% , I CANNOT OPT FOR 44AD BECAUSE I HAVE TO DROP 44AD BECAUSE OF TURNOVER EXCEED SPECIFIED LIMIT IN A.Y.2020-21,
MY QUESTION IS , firm IS LIABLE UNDER TAX AUDIT ????
MY QUESTION IS , firm IS LIABLE UNDER TAX AUDIT ????
13 July 2024
Sec. 44AD cannot be opted by a company.
No tax audit u/s. 44AB mandatory, if all the transactions are through banking channel.
No tax audit u/s. 44AB mandatory, if all the transactions are through banking channel.
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