Applicability of Tax Audit

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Accountant
99 Points Posted on 11 October 2020
Tax audit applicable or not to trust if gross turnover exceed 1 crore due to donation received.
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On 11 October 2020 at 11:59 Report
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This discussion clarifies whether a tax audit is applicable to a trust if its gross turnover exceeds 1 crore, particularly when donations are received. Experts confirm that a tax audit is indeed applicable in such scenarios. It's also highlighted that conducting a regular audit is beneficial for maintaining accurate accounts and rectifying any errors.

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Tax consultant
5895 Points Posted on 11 October 2020
It is better to audit trust all time
it helps maintaining the account and retifying the mistake and yes you can audit it
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On 11 October 2020 at 12:21
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204 Points Posted on 11 October 2020
Yes, Tax audit is applicable.
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On 11 October 2020 at 13:58
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Tax and Business Consultant
11616 Points Posted on 11 October 2020
Yes, applicable...
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On 11 October 2020 at 14:30
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Accountant
99 Points Posted on 11 October 2020
Thanks to all the expert
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On 11 October 2020 at 15:24
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Tax consultant
5895 Points Posted on 11 October 2020
Welcome 😊
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On 11 October 2020 at 15:26
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ipcc
8 Points Posted on 11 October 2020
Https://youtu.be/FGH4qIFJqlA
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On 11 October 2020 at 17:31
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Tax consultant
5895 Points Posted on 11 October 2020
What is that
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On 11 October 2020 at 17:42
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ipcc
8 Points Posted on 11 October 2020
Its a 5 min video on complete apicability of tax audit u/s 44AB. youtube link
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On 11 October 2020 at 17:44

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