Sir
My annual sale is Rs. 6700000/-and net profit 8% so can I need to do tax audit please advise
Menu
Tax audit report
Replies (1)
No, Tax audit not applicable.
If you are a individual, HUF or Partnership firm and doing eligible business than you can declare your income under Presumptive Taxation u/s 44AD in form ITR 4.
If you are a individual, HUF or Partnership firm and doing eligible business than you can declare your income under Presumptive Taxation u/s 44AD in form ITR 4.
Recent Threads
- Property purchase by parents
- Section 54f and Sale between father and Son.
- Demat of shares of private limited company
- Income only with share market around 5-6 lack
- Missed GST Reporting for March 2025
- Future and Option Turnover
- Outstanding demand
- Error in filing income tax return
- DRAFT - DIRECTOR's REPORT OF BASE LAYER NBFC
- Amt of LTCG required to be reinvested on house pro
Related Threads
CAclubindia
