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Income tax audit

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ripu sudan Maroo

43 Points Posted on 20 October 2020

maximum turnover limit which is not applicable for income tax audit for F.Y 2019-20?

Replies (4)

MAHARAJA SELVA ESWAR

285 Points Posted on 25 October 2020

If u didnt opt for 44 ad , then upto 5 crore , no audit is reqd

ripu sudan Maroo

43 Points Posted on 25 October 2020

Assese haveturnover less than 2 cr and net profit less than 8% still why he is in audit?

MAHARAJA SELVA ESWAR

285 Points Posted on 26 October 2020

Whether the assesee has opted for presumptive taxation? if yes, then deemed profits will be inapplicable as profit less than 8 percent and audit will be reqd.

ripu sudan Maroo

43 Points Posted on 26 October 2020

No always filed under 44 ab

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