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pooja (taxpracticing)     25 September 2021

Tax audit requirements for individual

hello everyone
if any personal having business turnover upto 1 crore and his profit is below 8% and he is not declaring income u/s 44AD
.....weather he is requiring audit if declaring Profit below 8 %


 6 Replies

Hitesh

Hitesh (Student)     25 September 2021

Hi Pooja. Sent through DM...check inbox
1 Like
pooja

pooja (taxpracticing)     25 September 2021

What ...?
Hitesh

Hitesh (Student)     25 September 2021

Check CCI inbox
Sasi mcvv

Sasi mcvv   25 September 2021

Not required


the thing u r saying is applicable only to 44AE ,44ADA
veerendar singh

veerendar singh (tax consultant)     25 September 2021

If its his first year of business then audit not required.

else audit will be mandatory
pooja

pooja (taxpracticing)     25 September 2021

Ok thank you all

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