TAX AUDIT limit to CA

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 03 September 2022

60 Tax Audits

sabyasachi mukherjee

Profession Business

28207 Points Posted on 03 September 2022

Not like that

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 03 September 2022

Since Turnover is above 1 crore and if tax audit is done then it will be considered

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 03 September 2022

No ceiling between 1 to 2 crore

veerendar singh

tax consultant

3306 Points Posted on 03 September 2022

From where do you get these limits? is it prescribed anywhere?

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 03 September 2022

Tax audit is mandatory if turnover is above 1 crore for business and

50Lakhs for profession

amol bramhankar

artical tranee

277 Points Posted on 03 September 2022

But as per 44ad limit is 2 cr why it's considered

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 03 September 2022

That is for presumptive Taxation..If the profit is less than 8/6% then there also audit is required

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 03 September 2022

Upto 2 crore audit was under sec 44AD and limit was for cases other than covered under 44AD

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 03 September 2022

But it will not covered in the ceiling limit since one can go for ITR filing without audit if profit is above 6/8%

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 03 September 2022

Here ceiling limit for CA asked for not profit % understand query first and same is already replied by you

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 03 September 2022

First you understand..If it is Audit then only it will be covered in celing..Presumptive taxation is a relaxation.But based on profit tax audit may applicable

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 03 September 2022

Sir, please stop putting on your fingers I'd your don't know it. Every CA ca do maximum number of audits in a year and question related to that. So wait for healthy dicussion by someone known.