banner_ad

Filing Form 3CB-3CD

ITR Filing 388 views 6 replies

Is it compulsory to file form 3CB-3CD if we have net profit less than 8% of total turnover and total sales less than 1 crore?

Replies (6)

Not mandatory if sec. 44AD(4) of IT act, not applicable. In short sec. 44AD not opted out in any of the preceding  years...

Turnover alone is not criteria

One is turnover limit
Business Loss ( mandatory audit)
% of profit ( less than specified , Mandatory tax audit)
voluntary audit
If there is business loss no tax audit required, correct me if im wrong

How much is the specified limit for tax audit

Originally posted by : Jomon P B
How much is the specified limit of profit for tax audit

 

5 Crores for business & 50lakhs for profession .

Loss category : Audit is must
% of profit 6/8/50% below this % also need to audit the books


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details