banner_ad

Tax audit applicability for AY 2020-2021

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 July 2020 I mr A having turnover of 1.9CR filling return under section 44AD is audit applicable to me ?
But my reciepts from sale are totally in cash what shall be the applicability for audit under sec 44AB ????
Profile Image

CA Raj Doshi

Profile Image

CA Raj Doshi (Expert)
26 July 2020 For FY 2019-20 AND FY 2020-21 You are not liable for audit because you are covered under 44AD and offering income as per that scheme and also satisfying all conditions.
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
29 July 2020 TAX AUDIT NOT APPLICABLE IF YOU ARE OPT TO FILE U/S 44AD..
NOTE, CHECK OUT THE CONDITIONS IF YOUR BUSINESS (& ASSESSEE) IS ELIGIBLE U/S 44AD THEN YOU CAN GO TO FILE ITR UNDER PRESUMPTIVE TAXATION SCHEME AS PER ABOVE SAID TURN OVER...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details