Can Anybody Tell Me When Business of Hiring / plying of trucks comes under audit????
what is prescribed limit for that??
Menu
Applicablity of Audit to hiring / plying of truck
Replies (2)
For any income under the head business profession if ur turnover exceeds Rs40lakh, then you are liable for audit
As per budget 2010 now limit of audit Rs. 60 lakh in the business of playing & hiring of trucks except in section 44AE of IT Act
Recent Topics :
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
- HDFC Bank’s Bureaucracy: The Nightmare of Fl
- Running a CSC Center, Maha E-Seva Kendra, Setu Ken
- GSTR-9 Table 8A issue
- CA Inter Coaching institutes at Hyderabad
- Looking for practising CA
- TDS return filing
- Need formats of FS as per Co act 2013 in soft copy
Related Topics :
CAclubindia
