Query about audit under section 44ab

Hi Ankur,

44AD tells that if turnover is less than limits u/s 44AB, then we need to declare 8% of turnover as income or what is actually claimed. Since, the Net profit shown is more than 8% audit u/s 44AB is not required.

Agree with All....

No need for Tax Audit

Agree with Tarun

HI, Every One, My questions are as below :

1) How Many types of Audits are required by a Traders and what will be the Turnover LImits that Required to Audit.

2) What are the conditions U/s 44AD for .Audit and Not to Audit.

3) Where Can I get List of VAT Rate applicable on diffrent Items.

4) What is a Procedure of  obtaining  'C Forms'.

Thanking you very muach in Advance.