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
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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
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