Tax audit u/s 44AB

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30 Points Posted on 08 January 2021
I was filed return of income for AY 2019-20 u/s 44AD then I will filed tax audit u/s 44AB for A.Y. 2020-21?
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On 08 January 2021 at 21:38 Report
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This discussion clarifies the requirement for a tax audit under Section 44AB, particularly for individuals who previously filed under Section 44AD. It highlights that a tax audit becomes necessary if the net profit is less than 8% (or 6% for digital transactions) of the turnover, even if Section 44AD was initially applicable.

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Chartered Accountant
24588 Points Posted on 08 January 2021
Then also for ay 20-21 audit is required u/s 44AB
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On 08 January 2021 at 21:50
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aaa
729 Points Posted on 08 January 2021
Tax Audit Necessary in every case where Section 44AD is applicable but Net Profit is less than 8% / 6%(Digital Mode) of Turn Over.
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On 08 January 2021 at 21:52
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Accountant
4533 Points Posted on 08 January 2021
Elaborate ur question
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On 08 January 2021 at 23:01

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