banner_ad

TAX AUDIT 1234455

Others 381 views 4 replies
User Avatar

ipcc
86 Points Posted on 08 February 2023
Future and option turnover limit and audit is compulsory or not
4 Reply Share Follow
On 08 February 2023 at 21:35 Report
Replies (4)
User Avatar

CFO- at NHTF
58280 Points Posted on 09 February 2023
Net positions will be added for calculating turnover.

Profit + Loss both should be added to arrive the turnover
1 Reply
On 09 February 2023 at 01:26
User Avatar

Chartered Accountant
86505 Points Posted on 09 February 2023
You can do turnover upto any limit .

Upto 10 crore declare 6% profit no need for audit , if profit is less than 6% audit will be applicable.

Above 10 crore compulsorily required to get audit
3 Reply
On 09 February 2023 at 08:26
User Avatar

CFO- at NHTF
58280 Points Posted on 12 February 2023
@ Nirmal Paliwal ,

Turnover limit for tax audit is 2 Crores for FY-2022-23 and 3 Crores for FY-2023-24.

Tax Audit is mandatory if turnover exceeds 2 Crores
Reply
On 12 February 2023 at 08:27
User Avatar

Chartered Accountant
86505 Points Posted on 14 February 2023
Tax audit limit is 1 crore, 2cr or 3 cr only in case of 44AD & where cash transactions are less than 5% of all transactions then limit is Rs 10 crore
2 Reply
On 14 February 2023 at 08:10


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topic

More recent discussions | Post

Related Topics
Loading

Latest Job Openings

View all
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details