Menu
TAX AUDIT related
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
Replies (5)
Yes, as the turnover is below 6% you are liable to get books of accounts audited u/s 44AB.
If the receipts n payments by cash not more than five percent then no need to file TAR
Yes tax audit is compulsory
since turnover is under 2crore and profit below 8%.
per 44AD Tax Audit is required.
1. Which of the following taxes will be levied on imports ?
Recent Threads
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
- I have wrongly shown itc in reclaimable itc inste
- Help reqd in getting Professional Tax challan
Related Threads
CAclubindia
