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Tax audit
Assessee has turnover Rs. 36 lacks and Commission Income Rs.2.5lacks.
Net Profit Rs. 3.7Lacks
Whether Tax Audit Required?? assessee not maintain sepreate books of accounts for trading , commission
Replies (4)
i think not required
please provide a detail answer whyt not required
for tax audit, neither sales nor commission exceeds the limits.
As the assessee has a commission income, we can not apply sec 44AD here. Further though 44AA is not complied with bt d assessee is not showing his income u/s 44AD.
so audit not required
As the assessee has a commission income, we can not apply sec 44AD here. Further though 44AA is not complied with bt d assessee is not showing his income u/s 44AD.
so audit not required
In this case tax audit is not a mandatory
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