F.y 20-21 audit limit
ARVIND (ACCOUNTANT) (131 Points)
03 April 2021
Mohanraj J
(1162 Points)
Replied 03 April 2021
ARVIND
(ACCOUNTANT)
(131 Points)
Replied 03 April 2021
Mohanraj J
(1162 Points)
Replied 03 April 2021
Akshay Poriya
((artical assistant))
(313 Points)
Replied 03 April 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 03 April 2021
CA Puja Sharma
(Chartered Accountant)
(4891 Points)
Replied 03 April 2021
No tax audit is required in your case.
Ghanshyam Giri
(member)
(24 Points)
Replied 04 April 2021
CA Rashmi Gandhi
(Chartered Accountant)
(86285 Points)
Replied 04 April 2021
As per Sec 44AD you have to declare profit @ 8% in case of cash transaction, even transaction lesser than 5% of total receipts & payment then you can declare profit @ 6% . If you want to declare profit lower than it then you have to get your books audited compulsorily.
Naman Garg
(4 Points)
Replied 06 April 2021