Tax audit u/s44AB

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30 Points Posted on 08 January 2021
I was filed return of income for AY 2019-20 then I will filed tax audit u/s 44AB for A.Y. 2020-21..
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On 08 January 2021 at 20:51 Report
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Quick Summary
This discussion clarifies the requirements for a tax audit under Section 44AB of the Income Tax Act. It explains that the necessity of a tax audit, particularly for AY 2020-21, is primarily determined by your business's turnover. If your turnover exceeds the prescribed limits, a tax audit will be mandatory.

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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 21:29
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Accountant
4533 Points Posted on 09 January 2021
It depends on turnover
whether audit required or not
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On 09 January 2021 at 14:21

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