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SabuCS

SabuCS (soleproprietorship) (45 Points)
Replied 13 September 2017

If an assessee doing business or profession if his income is less than 8% of turnover or gross receipts then tax audit is compulsory. While calculating 8% if the income itself is below taxable limit tax audit is not necessary.


Suresh Pai S

Suresh Pai S (Tax Consultant) (1029 Points)
Replied 13 September 2017

Check the new amendment. There is change.

MOHD AFROZ

MOHD AFROZ (STUDENT) (1475 Points)
Replied 14 September 2017

 Agree with Suresh Pai S view.

 

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