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TAX AUDIT related

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ipcc
86 Points Posted on 03 February 2021
sir my total sales fy 1920 is 1.9 crore and all transcation done through banking channel and profit is below 6%. can its liable for tax audit
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On 03 February 2021 at 22:37 Report
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Chartered Accountant
86505 Points Posted on 03 February 2021
Yes, as the turnover is below 6% you are liable to get books of accounts audited u/s 44AB.
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On 03 February 2021 at 23:49
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Tax consultant
552 Points Posted on 04 February 2021
If the receipts n payments by cash not more than five percent then no need to file TAR
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On 04 February 2021 at 08:52
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Chartered Accountant
24588 Points Posted on 04 February 2021
Yes tax audit is compulsory
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On 04 February 2021 at 10:24
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Partner
1072 Points Posted on 05 February 2021

since turnover is under 2crore and profit below 8%.

per 44AD Tax  Audit is required.

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On 05 February 2021 at 00:10
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2 Points Posted on 05 February 2021
1. Which of the following taxes will be levied on imports ?
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On 05 February 2021 at 10:50


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