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)
Quick Summary
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 Topics :
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
- AIS Password: How to Open Your AIS PDF?
- Interview Questions
- ITR Filing Last Date 2026
Related Topics :
CAclubindia
