I have proprietorship and my turnover is below 1,50 lacks. so tax audit is required
or not?
6 Replies
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 29 June 2018
if profit is less than 8 % then required .
Mansi Mhapsekar
(158 Points)
Replied 29 June 2018
no , profit is greater than 25%,, so not required audit
Ashish Khillan
(Gaining knowledge)
(1039 Points)
Replied 29 June 2018
wht is ur business?................
CA ABHAY GUPTA
(Practice)
(3235 Points)
Replied 29 June 2018
yes you fall under section 44 AD you are not required tax audit
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