hello everyone
I want to know that if I get the audit in fy 20-21 because my turnover exceeds rs 2 crore
but if in fy 21-22 if my turn over is less than 2 crore ....so now Can I avoid audit liability or not....?
Menu
Audited related queiry
Replies (3)
Quick Summary
If you are a eligible/regular tax payer you are bound to get your accounts audited.
If the conditions u/s 44AB of the income tax act are not fulfilled, then tax audit is not required....just because tax audit was applicable in fy 2020-21it is not necessary that it will be applicable fy 2021-22.
Its better to get audited for future benefit.
Recent Topics :
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
- Difference in TIS
- GSTR-9C Upload Status Error Occured
- “Income Tax Implications of Company-Related
- Advice needed: Hypothetical case of non-filing of
- Demand Raised for Cess Amount Despite Section 89 R
- WRONG BILL NO FILED IN GST R1
- Addtional trade name for my another firm
- Commission / Agency Business without books: REAL E
Related Topics :
CAclubindia
