if business turnover is less than 1cr and and also profit of the business is less than 8%
This business is not following any presumptive tax method
it's following normal business
For the above business tax audit is necessary ?
Menu
Tax audit applies or not
Replies (2)
Tax audit is necessary according to me. To know the reason why tax audit is necessary, post your query on Profsindia.com
The business is not following 44 AD taxation
Their turnover is below 1cr
and profit is less than 5%
Here we need to file as normal or treating as tax audit if tax audit means why
Their turnover is below 1cr
and profit is less than 5%
Here we need to file as normal or treating as tax audit if tax audit means why
Recent Threads
- TDS - requirement of TDS by individual under presu
- Built a tool to automate Bank Statement to Tally e
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
Related Threads
CAclubindia
