Dear sir,
please let me know the applicability of tax audit in case of Turnover is less than 1cr and profit is less than 8%, business is proprietorship.
thanking you sir
Menu
Applicability of TAX AUDIT for AY2019-20
Replies (1)
if you are under 44AD then tax audit must in case profit %age is less than 8% or 6% and ITR4
if not under 44AD then ITR 2 with complete details of BS and P&L Account but no audit
if not under 44AD then ITR 2 with complete details of BS and P&L Account but no audit
Recent Topics :
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
- TDS processed with short deduction default
Related Topics :
CAclubindia
