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Tax audit
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manik tax audit required in case assessee declared income less than 8% of value of gross reciepts...tax audit not required in case assesse declared income as per provisions of sec 44AD
so it will be written? 44ab?
manik i already said tax audit not required...so question of write 44AB never arisee
sir assess ne profit 8% se kam show ki ya
hai iska matlab use audit karbana padega so ab audit u/s 44ab hoga ?
If assessse show profit less than 8% of gross receipts then he is required to furnish tax audit report u/s 44AB...another condition is that tax audit required if gross turnover exceeds 60 lac...or gross reciepts exceeds 15 lac.
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