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Sec 44ae

Others 479 views 5 replies
AS ONE OF MY CLIENT HAVING TURNOVER MORE THAN 1 CRORE IN TRANSPORTATION BUSINESS AND HAVING LESS TAN 10 TRUCKS IN AY 2017-18. THEN IF HE SHOW PROFIT MORE THAN LIMIT SPECIFIED IN SECTION 44AE THAN IS HE LIABLE TO GET HIS ACCOUNT AUDITED OR NOT?
Replies (5)

HE IS NOT LIABLE TO GET HIS ACCOUNT AUDITED.

When he would be liable to get his account audited?
As per sec 44ae presumptive income is 7500/month he can show profit upto and above the limit. If he want to show less income from limit then he will be liable to audit his account.
continuing the point of Mr. Jaiswal, he is also liable to get his account audited if gross turnover exceeds Rs. 2 crore .

Dear Candidates,


We are looking for young & Bright Chartered Accountant:


We have pleasure to forward the requirements to you:

Designation: Senior Associate & Senior Manager (CA) – Internal Audit

  • Qualification: Completed CA Final
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  • Skills: Must have minimum 2 years experience in Internal Audit, Willing to travel extensively. Preferable: Top Cooperate, Multinational companies & Big Groups experience in Internal Audit. Must have Internal Audit experience in Medium and large companies for minimum period of 1 year & above.

Designation: (CA) – Indirect Tax

  • Qualification: Completed CA Final
  • Experience: 5 – 10 Years
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Designation: (CA) – Fresher’s

  • Qualification: Completed CA Final
  • Experience: 0 – 2 Years
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  • Skills: Certified IIA, Must have completed Articleship in top CA firms
     

Interested Candidates please send us your updated resume in Word form.  Also, we request you to share this mail with some of your friends/colleagues who meet the above criteria.

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Thanks & Regards
Thirumalai selvi S
Senior Executive - HR & Admin
 
PKF Sridhar & Santhanam LLP
Chartered Accountants
New No 28,Old No 195, 3rd floor |North Usman Road,T.Nagar,  
Chennai 600 017 |India | website: www.pkfindia.in
Mobile : 91-8248645525 | Email: selvi.t @ pkfindia.in

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