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Tax Audit Applicability -Profession

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Respected Seniors,

For AY 24-25

1) Architech has profit less than 50% ( have Loss) ( loss due to no fees received only nominal expenses incurred during year like telephone expenses , professional fees, depriciation etc

2)Filling ITR 3 With Books from last 6+ Years

3)Total income is above exemption limit 5 lakh (loss from profession+Rent income from HP )

Does is required to get books audited ? Please guide

Replies (1)

Yes, u/s. 44AB(d) IT act...              


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