Tax audit for procession

My client giving consulting service and not opted for presumptive taxation u/s 44 ADA.

Gross receipt of my client is below 50lacs and declared profit below 20%.

we need to do tax audit as income declared below 50%?
Replies (2)
Quick Summary
This discussion clarifies when a tax audit is necessary for consultants providing services who haven't chosen presumptive taxation under Section 44 ADA. Even with gross receipts below £50 lakh and declared profits under 20%, a tax audit may still be required if the declared income falls below 50% of the gross receipts.

Yes tax audit will apply
Yes tax audit will required

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 01 September 2026
Articles

Saini Pati Shah & Co LLP, Chartered Accountants

Mumbai

CA Foundation

View Details
Company
ARTICLESHIP 04 September 2026
Accounts Executive

Hema Yashwanth & Associates

Chennai

B.Com

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details