Audit Req. under income tax

204 views
User Avatar

20 Points Posted on 02 May 2020
Business turnover 90 lac

profit less than 4%

in above case audit is mandatory or not.



it is individual assessee.
1 Reply Share Follow
On 02 May 2020 at 23:08 Report
Replies (2)
Quick Summary
This discussion clarifies whether a tax audit is mandatory for an individual assessee with a business turnover of 90 lac and a profit less than 4%. While a tax audit may not be applicable in this specific scenario, filing an Income Tax Return (ITR) is still required under Section 44AA of the Income Tax Act.

User Avatar

PROPRIETOR AT J RAVI & ASSOCIATES CHART
352 Points Posted on 02 May 2020
Yes, Audit is mandatory
Reply
On 02 May 2020 at 23:59
User Avatar

"Do the Right Thing...!!!"
128157 Points Posted on 03 May 2020
No... Tax audit not applicable.

But, ITR filing required u/s 44AA.
Reply
On 03 May 2020 at 10:57

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Guidence requested for a Finance Professional with
  2. Expert Opinion Required – Form 140 Gross Amo
  3. WRONG TAX DEMAND - formal responses , rectificatio
  4. Foreign remittance
  5. Affordable Residential Flats in Gurgaon
  6. Manufacturing
  7. TAN REGISTRATION ON E-FILLING SITE
  8. Form 10-IEA – Continuing Old Regime
  9. Income tax act 2026
  10. Belated Return where Form 10IEA filed this year to

More recent discussions | Post

Related Topics :

Loading