HARSH

STUDENT

524 Points Posted on 24 July 2014

HIII JATIN

AS PER MY KNOWLEDGE AS YOUR NP IS BELOW 8% YOU ARE LIABLE TO AUDIT

YOU CAN FILE YOUR RETURN AFTER GETTING YOUR BOOKS AUDITED

sushil kumar

CA Final-Audit Assistant

528 Points Posted on 24 July 2014

agree with harsh.....

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Posted on 24 July 2014

you need to gets your accounts audited and then file your return by 30th sept...... or there is one more way, show your income at the rate of 8% or at such rate that your net profit still remains below taxable limit. this way you will neither pay tax nor be liable for audit....... choice is yours though i will not suggest you second option.

M. N. JHA

CA

8316 Points Posted on 24 July 2014

yes audit is applicabe in your case... gets your account audit before filling else show profit above 8%........

Arun Arora

Student CA Final

21 Points Posted on 25 July 2014

If yours profit is computed u/s 44ad presumptive income then audit condition otherwise no need to audit just file itr 4

Brahma Nand

Finance associates

63 Points Posted on 25 July 2014

Audit mandatory if profit below 8%

Jignesh Vyas

Others

57 Points Posted on 25 July 2014

You have no need of audit. Just declare your your income rs.138000 or more and file return usc 44ad

Stranger

.

5531 Points Posted on 25 July 2014

100% agreed with Tribhuvan Aditya Singh..

kiran kumar

sr.accountant

26 Points Posted on 27 July 2014

Audit mandatory if profit below 8%.Your firm as liable for pay the tax.

Jatin Aggarwal

Taxation Executive

43 Points Posted on 02 August 2014

Thanks to all for ur reply

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Income tax return

Jatin Aggarwal

For Asst. Year 2014-15,

My Business turnover is Rs. 17,25,000.00 and Net Profit comes out to be Rs. 66,000.00 i.e. below 8%

Is audit applicable to me?

How can I file my Income Tax Return?

HARSH

sushil kumar

Tribhuvan Aditya Singh

M. N. JHA

Arun Arora

Brahma Nand

Jignesh Vyas

Stranger

kiran kumar

Jatin Aggarwal

Thanks to all for ur reply

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Income tax return

For Asst. Year 2014-15,

My Business turnover is Rs. 17,25,000.00 and Net Profit comes out to be Rs. 66,000.00 i.e. below 8%

Is audit applicable to me?

How can I file my Income Tax Return?

Thanks to all for ur reply

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