Industrial Trainee @ Ashok Leyland
348 Points
Joined January 2009
Tax audit - Its as per requirement of sec 44AB of income tax act,1961.
As per the above provisions - Every person carrying on Business whose sales turnover exceeds 60Lakhs & incase of profission if turnover exceeds 15lakhs has to get his books audited.
Report has to be sumited in Form 3CA - if audit is required under any other law & Form 3CB - if no audit is required under any other law. particulars has to reported in Form 3CD