hi good morning
last year fy 17-18 TAX AUDIT, fy 18-19 Non tax audit
my doubt is can I file audit report (fy 18-19) or not ?
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Audit report related
Replies (8)
No not necessary for audit if profit is 8%
Okay sir Thank you
if below 8% ?
if below 8% ?
Tolani its wrong however... clarify to the querist.
Ok sorry for my answer
@ Shabbeer
If FY 18-19 non-tax audit then it's okay
Don't do audit. Simply file ITR.
if proprietory then ITR3
if Firm then ITR 5
of company then ITR6
Turnover is the deciding factor for 44AB tax audit. profit percentage is not relevant.
If FY 18-19 non-tax audit then it's okay
Don't do audit. Simply file ITR.
if proprietory then ITR3
if Firm then ITR 5
of company then ITR6
Turnover is the deciding factor for 44AB tax audit. profit percentage is not relevant.
Shaver what's your turnover
DOES IT FOLLOW WITHIN THE PURVIEW OF SEC 44AD.
DOES IT FOLLOW WITHIN THE PURVIEW OF SEC 44AD.
Mukherjee sir
I have two doubts
1.Fy 17 -18 tax audit, fy 18-19 below tax audit means turnover 1300000
my question is Fy 18-19 audit report ?
profit is below 8 %₩
2.Fy 18-19 turnover 800000,but profit below 8%
in this case report is mandatory?
I have two doubts
1.Fy 17 -18 tax audit, fy 18-19 below tax audit means turnover 1300000
my question is Fy 18-19 audit report ?
profit is below 8 %₩
2.Fy 18-19 turnover 800000,but profit below 8%
in this case report is mandatory?
| Originally posted by : Shabbeer Shaikh | ||
 |
Mukherjee sir I have two doubts 1.Fy 17 -18 tax audit, fy 18-19 below tax audit means turnover 1300000my question is Fy 18-19 audit report ?profit is below 8 %₩2.Fy 18-19 turnover 800000,but profit below 8%in this case report is mandatory? |  |
In both cases you've mentioned no audit is required if proper accounts books are maintained.
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