Tax Audit Requirement?

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My client got his accounts audited last year.
This year he wants to fill up ITR4 and to pay tax on 8% income.
Is it possible??

pls reply
Replies (10)

Yes, provided the tax audit of preceding year was not carried u/s. 44AB(e) of IT act

When he opt out of Sec 44AD
@ Krishanu Majumder,

If Tax audit is applicable for Previous FY then you must comply with Tds provisions..But you may opt for presumptive Taxation
Limitation period of 5 years need to checked

@ Eshwar Reddy, no you are replying on all last 4-5 days post on which I replied now.

It shows who is following whom???
Check in the after noon who has started it
You check it I need not . I m doing my work
Copy paste few hours left
So you started your game
Hey Bhagwan.....๐Ÿ™๐Ÿ™๐Ÿ™๐Ÿ™ My post pe jhagda maat karna aap dono ๐Ÿ˜ญ๐Ÿ˜ญ๐Ÿ˜ญ
Sorry Dear๐Ÿ™๐Ÿ™๐Ÿ™


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