Audit detailed

291 views
User Avatar

Kkk
1204 Points Posted on 28 December 2021
if a person having turnover less than 1 cr and profit above 250000 whether he is required to get his account audited.and he is not opting for 44 ad .plz explain.
0 Reply Share Follow
On 28 December 2021 at 18:15 Report
Replies (4)
Quick Summary
This discussion clarifies whether a proprietary firm with an annual turnover below £1 crore and profits exceeding £2.5 lakh requires a statutory audit. The query specifies that the business owner is not opting for the presumptive taxation scheme under Section 44AD. The nature of business involves retail sale of items like cement and operation of a stone crusher.

User Avatar

Profession
28269 Points Posted on 28 December 2021
Pls explain nature of business.
Reply
On 28 December 2021 at 18:48
User Avatar

Kkk
1204 Points Posted on 28 December 2021
Retail sale of cement, stone crusher etc
Reply
On 28 December 2021 at 18:49
User Avatar

Accounts & Audit Assistant
266 Points Posted on 29 December 2021
SIR IT DEPENDS ON 26AS AND OTHER COMMISSIONS FROM COMPANIES FOR SALE RECEIVED SIR
Reply
On 29 December 2021 at 00:35
User Avatar

Kkk
1204 Points Posted on 29 December 2021
But it's not a company.a proprietary firm and turnover less than 1 cr and profit above 2.5 lacs
Reply
On 29 December 2021 at 07:52

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Foreign remittance
  2. Affordable Residential Flats in Gurgaon
  3. Manufacturing
  4. TAN REGISTRATION ON E-FILLING SITE
  5. Form 10-IEA – Continuing Old Regime
  6. Income tax act 2026
  7. Belated Return where Form 10IEA filed this year to
  8. GST Reconciliation Tool (2A vs Books) - looking fo
  9. TDS ON PF FORM 19 WITHDRAWAL
  10. Can a virtual office in Mumbai be used for company

More recent discussions | Post

Related Topics :

Loading