F.y 20-21 audit limit
ARVIND (ACCOUNTANT) (131 Points)
03 April 2021
Mohanraj J
(1217 Points)
Replied 03 April 2021
ARVIND
(ACCOUNTANT)
(131 Points)
Replied 03 April 2021
Mohanraj J
(1217 Points)
Replied 03 April 2021
CA Akshay Poriya
(job in industry)
(329 Points)
Replied 03 April 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 03 April 2021
CA Puja Sharma
(Chartered Accountant)
(5010 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)
(86495 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
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