Tax audit u/s 44ab

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2014 dear experts,

my total sales is 25.70 lacs and my net profit is below 8%.

do i need to do tax audit u/s 44ab or not ??

or i can file without audit report just maintaining regular books of account as per rules.

thankssss

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 June 2014 you need to maintain books and get the accounts audited if the total income exceeds the basic exemption limit orhterwise no.

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2014 if audit is yes then any notifications ??

and what will be the due date and signing audit report with digital signature ??

everything same as t.o cross 1 crore and responsibility arrives to do tax audit in my case also ???

thanks again.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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04 June 2014 then due date sahll be 30 September. Audit report is to be signed by your CA. your digital signature is required for filing or tax return too.

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