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Is mother dairy booth owner require to audit
if mother dairy booth annual sale more than one cr. then he liable to audit
Replies (9)
Quick Summary
Now the limit is 5 crores subject to profit %age +/- 95% in digital cheque mode
This about Ay 2017-18
If your transactions is 95% in online mode and 5% in cash mode then turnover limit is set as 10 crores rupees but if transactions in cash mode increased 5% then turnover limit will be 1 crores rupees
If this is commission based sale than he need to audit
For AY 2017-2018, I think the limit was 2 cr and hence no tax audit upto 2 cr
Plz make sure
How much profit was declared by you in that year
I'm failed to filed itr and my turnover is 1.18 cr
Have you received any notice in that regard.
Actually you cannot file the same now as the time limit has elapsed. Now what we will have to do will depend on any specific notice received by you from department. If you have received any notice kindly share once on caharshita81 @ gmail.com I can see how you can deal now
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