Tax Audit For Professional

Professional Field ITR 3 And Shown Income Less Than 50%
Is He Liable To Tax Audit?
Replies (2)
Quick Summary
Professionals filing under ITR 3 and showing a profit less than 50% of their gross receipts may be liable for a tax audit. This is specifically under Section 44ADA of the Income Tax Act. If your declared profit falls below this threshold, you will need to have your books of accounts audited.

Originally posted by : ch prem kumar
Professional Field ITR 3 And Shown Income Less Than 50%Is He Liable To Tax Audit?

Yes 

He is Liable to Tax Audit if show profit less than 50 % under section 44ADA

Yes need to get his BOA audited

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