I, have partnership firm & i maintain all books of accounts properly but my net income is less than 5℅ so tax audit applicable on me or not...
Turnover 1600000
F.Y. 2018-2019
Firm Registered March 2018
F.Y. 2017-18 ITR filed Nil
Menu
My Net profit is Less Than 5℅ Tax audit is applicable on me or not..
Replies (2)
Yes, tax audit is applicable
Either declare 8% or 6% as the case may be under 44AD else audit your books of accounts
Recent Threads
- Section 44AB is Gone — How Different is Tax
- Capital Gains from Cancelled Residential Project
- Import of goods data in IMS
- GSTr 9 24-25
- Change HSN
- TDS ISSUE ( DIFFERENT SECTION )
- Company strike off with loan waiver accounting iss
- Board resolution for authorization for GST
- Invoice related audit
- Gst input credit related
Related Threads
CAclubindia
