Sivaraman A R (.) (1043 Points)
17 March 2025FY 23-24 - TO 80 lakhs. Profit 10%. Filed ITR4
FY 24-25 - TO 80 lakhs. Profit 10%. Ready to file with full PL and BS in ITR 3.
Is Audit 44AB(e) applicable here?
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7514 Points)
Replied 17 March 2025
1. *FY 23-24*: Turnover (TO) is ₹80 lakhs, and profit is 10% of TO, which is ₹8 lakhs.
2. *FY 24-25*: Turnover (TO) is ₹80 lakhs, and profit is 10% of TO, which is ₹8 lakhs. Audit
2. *No Audit Requirement*: You are not required to get your accounts audited under Section 44AB(e).
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