Tax audit regarding
This query is : Resolved
19 August 2017
my client has a turnover for the fincl year 2016-17 is Rs. 1.75 Crores. Profit arrived is Rs. 9.90 lakhs. is this a case of tax audit under 44 AB or under 44 AD ?
CA Suresh Jain
(Expert)
19 August 2017
as per section 44AB every person carrying on business shall, if his total sales, turnover or gross receipts, as the case may be, in business exceed or exceeds one crore rupees in any previous year
Dhirajlal Rambhia
(Expert)
15 October 2021
The tax audit is to be carried under sub-section 44AB(a) of IT act..
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