Tax audit

248 views 3 replies

One of my client's turnover for the year ended 31-03-2017 comes to Rs. 1,26,32,400/-.  whether the accounts are get to audited. If so under what section ( either us/ 44 AB or 44 Ad) .  Kindly clarify

Replies (3)

For Individual/HUF/partnership firm having  trading business, no tax audit mandatory under presumptive scheme as per section 44AD (profit declared should be at least 8%)

Otherwise tax audit u/s. 44AB would be applicable.

Sir the NET PROFIT is more than 10% of the Turnover.  While uploading the ITR ( via Computax software)  it shows a error message - It comes under TAX AUDIT and request to upload the tax audit report.  Kindly clarify. 

select......  ITR 4 if no capital gains......

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
Featured 24 June 2026
HEAD - AUDIT AND TAXATION

A R JADHAV AND ASSOCIATES

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 29 June 2026
Article Assistant

Alvino Consultancy LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
24 June 2026
Chartered Accountant

CA Darshita Shah & Co

Nadiad

CA

View Details