tax audit for f.y 16-17
sudhakar (assistant) (29 Points)
31 January 2018
I am having partnership firm. My turnover is 40lakhs. I incurred book loss of 5 lakhs. whether I required to do tax
2 Replies
CA Mayur Todmal
(Practicing CA)
(7756 Points)
Replied 31 January 2018
if you are opting for presumptive taxation under income tax and shows profit less than 8%(6% e payment case) (50% in case of professional)then you have to do tax audit. Other wise not
Recent Topics
- ITC on Car loan processing charges
- Documentation to Substantiate Foreign Travel as Bu
- Deficiency Letter
- DRC 01 along with SCN not received
- GSTR 7 amendment
- Change Reason For Challan in already paid chalan
- 🤖 The Future of Tax Filing: How Automation
- Andromeda Aagents income
- GST RFD 01
- Monthly Pension from EPFO exempt or taxable?
Related Threads
CAclubindia
