Menu
Compulsory audit limit
my proprietorship firm's last (2020-21) sale was around 75lakh and GP around 4.5lakh and NP around 2.5 lakh. Do it requires compulsory audit?
Replies (3)
If you're registered for 44AD, then audit is applicable as profit is less than 8% otherwise audit is not applicable..
Check your inbox
Wasd dj HFYbB bhkv ch y
Recent Topic
- IDS Refund – Annexure B & GSTR-3B Match,
- Can i should STCG and LTCG as business income ?
- Capital contribution in Firm
- Form 3CD – Clause 20(b) | ESI Contribution &
- Capital Gains on Dissolution of Partnership
- GST Payment through DRC-03 by cash against notice
- Schedule EI for ITR1
- INCOME TAX DEPARTMENT: DOUBLE STANDARDS
- ITR-4,under presumptive Taxation
- TDS data mismatch with SFT
Related Topics
CAclubindia
