Dear seniors
plz clear me a doubt of if a person audit one time than he would be liable for continuous 5 year audit.
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Regarding 5 year audit must
Replies (4)
If the person opts for presumptive taxation under section 44AD then the person should maintain it for 5 years.
otherwise audit is based on turnover during the year.
otherwise audit is based on turnover during the year.
Sir since a.y 2013-201r i declared income in proper books of accounts maintained instead of persumptive basis but in A.y 2018-2019 i audited my books of account for showing profit less than 8%.
continuous 3 year i audited my accounts now plz clear my doubt
continuous 3 year i audited my accounts now plz clear my doubt
AY 2013-20???
Sry sir a.y 13 14
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