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Tax audit under section 44AB
If My turnover is less then 1 Crore but my profit is below 8% is it Tax Audit applicable? Reply with logic & Proofs
Replies (7)
if your turnover is through cheques or digital mode then you can declare minimum 6%. If below 8% or 6% then tax audit is applicable
i am not talking about 44AD pls
No tax audit . File ITR 3
but they r not allowing to file ITR-3
tax audit is not applicable to you,if you are bussiness turnover not exceed 1 crore.
but you are claiming that you have profit less than 8%, so you can go for tax audit for showing lower income
but you are claiming that you have profit less than 8%, so you can go for tax audit for showing lower income
not allowing to file ITR 3? what error message did you get at the time of filing?
Read the provision of Section 44AB
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