Tax Audit U/s 44AD

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GANESH DUTT JOSHI (Querist)
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30 September 2016 I am a retailer of furniture goods and my turnover below 1 crore and my profit is 6 lac aprox for the FY 2015-16 should go for tax audit

CA SAGAR M. AHUJA

CA SAGAR M. AHUJA (Expert)
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30 September 2016 If Profit is 8% or More of Turnover Than you don't need to go for Audit, You can file only ITR.
Thanks.

GANESH DUTT JOSHI

GANESH DUTT JOSHI (Querist)
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30 September 2016 Its mean my profit consider under 44AD for tax auditing

CA SAGAR M. AHUJA

CA SAGAR M. AHUJA (Expert)
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30 September 2016 Yes your profit percentage of turnover is decide whether you have to audit your accounts or not..
Thanks.

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