Save Rs 499 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Tax audit for person filing return u/s.44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 October 2015 If Individual having business of jewellery making and his turnover for F.Y.2014-15 is over 25 lakhs, is he liable for tax audit?

CA. Amit G. Chandani

CA. Amit G. Chandani (Expert)
Follow

01 October 2015 Tax audit will be liable only if turnover crosses 1 crore, otherwise section 44AD will be applicable.

Querist : Anonymous

Querist : Anonymous (Querist)

01 October 2015 But he do not have any business related PAN and he used his personal PAN for all receipts.

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

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Amirthalingam

Poojitha Raam Vinay

Sivashankary Sivaramakrishnan

Arpita Gilhotra

Navneet Pratap Singh

Subscribe Now

Quick Links

Browse by Category

Latest Job Openings

View all

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

01 June 2026

Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details

23 May 2026

Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details

Featured 27 May 2026

Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details

19 May 2026

Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

View Details

10 May 2026

Finance specialist

Right way solution

Ajmer

View Details

26 May 2026

Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details

11 May 2026

Post office

Anakapalle

Others

View Details