Audit limit
dipak dutta (Sr. Accountant) (44 Points)
31 May 2016dipak dutta (Sr. Accountant) (44 Points)
31 May 2016
lovely
(Accountant)
(20 Points)
Replied 31 May 2016
If the Assessee opts for declaring income lower than 8% then in that case the assessee shall have to keep and maintain books of accounts and get its accounts audited by a Chartered Accountant.
AKASH KHETAN
(PRACTICING CA)
(37 Points)
Replied 31 May 2016
No tax audit is not mandatory.
as section 44 AB is not apply simultaneously section 44 AD is not applicable In case of company.
conclusion turnover below 1 crore no need of audit and minimum profit.
However company audit is mandatory.
pushpendra singh bundela
(sr. Accountant)
(26 Points)
Replied 31 May 2016
If any (consultancy) partnership firm trunover is above 25 lakh and profit percentage is below 8% for the F.Y. 2015-16, so is it mandatory for tax audit?
CA Rohit Jain
(Practice)
(1865 Points)
Replied 31 May 2016
Shyam C.Pujara
(Student (C.A Final))
(177 Points)
Replied 06 June 2016
Originally posted by : AKASH KHETAN | ||
No tax audit is not mandatory.as section 44 AB is not apply simultaneously section 44 AD is not applicable In case of company.conclusion turnover below 1 crore no need of audit and minimum profit.However company audit is mandatory. |
pushpendra singh bundela
(sr. Accountant)
(26 Points)
Replied 09 June 2016
what in current year HRA exemption income tax for FY 2016-17
pushpendra singh bundela
(sr. Accountant)
(26 Points)
Replied 09 June 2016
what is current year conveyance exeption for fy 2016-17
pushpendra singh bundela
(sr. Accountant)
(26 Points)
Replied 09 June 2016
what is the CONVEYANCE exemption limit fy 2016-17
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