Audit report related

Kamlesh Tolani

accountant

564 Points Posted on 29 September 2019

No not necessary for audit if profit is 8%

Shabbeer Shaikh

7 Points Posted on 29 September 2019

Okay sir Thank you
if below 8% ?

sabyasachi mukherjee

Profession Business

28207 Points Posted on 29 September 2019

Tolani its wrong however... clarify to the querist.

Kamlesh Tolani

accountant

564 Points Posted on 29 September 2019

Ok sorry for my answer

Kapadia Pravin

17264 Points Posted on 29 September 2019

@ 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.

sabyasachi mukherjee

Profession Business

28207 Points Posted on 30 September 2019

Shaver what's your turnover
DOES IT FOLLOW WITHIN THE PURVIEW OF SEC 44AD.

Shabbeer Shaikh

7 Points Posted on 30 September 2019

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?

Guest

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?