GST Plus - Get Daily updates,support, whatsapp Group & reply to GST Notices etc.!! Call : 011-411-70713 !!

ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Rajat Sharma   28 September 2021

Audit under section 44AB in some cases

Sir due to the notices received under section 44AA If I filed returns making the profit and loss account Balance sheet, can I am liable to get the account audited under section 44AB please guide me thanks.


 2 Replies

Dhirajlal Rambhia

Dhirajlal Rambhia (SEO Sai Gr. Hosp.)     28 September 2021

Tax audit will be applicable only if it satisfies any criteria which is specified in the section 44AB, not otherwise.

No chance of audit applicability, if you declared the details of PGBP income with P&L acc & BS.

veerendar singh

veerendar singh (tax consultant)     28 September 2021

Audit will apply if margin is less than 8% or turnover exceeds 1 crore

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  


Related Threads


Loading
Start a New Discussion

Popular Discussion


view more »







Subscribe to the latest topics :
Search Forum:

Trending Tags