Applicability of tax audit

280 views 3 replies
Hi,
I have a doubt that if i show profit less than 8 percent of sales and my sales are say Rs.90,00,000.00, do i need to get my books of accounts audited.

Note : If i choose to file ITR - 3 or ITR - 5
Replies (3)
Your accounts book has to be audited under any circumstances...
If your realization is through bank accounts, then you can show 6% also. But to show lower %, you have to get it audited.

NO, you dont have to get your accounts audited if turnover is less than 1 crore. 

If your entity is a firm or llp then you have to file ITR 5 , otherwise if it is a sole proprietorship then ITR 3   

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details