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Tax audit under section 44AB

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JOB
32 Points Posted on 17 August 2019
If My turnover is less then 1 Crore but my profit is below 8% is it Tax Audit applicable? Reply with logic & Proofs
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On 17 August 2019 at 22:25 Report
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17264 Points Posted on 17 August 2019
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
101 Reply
On 17 August 2019 at 22:37
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JOB
32 Points Posted on 17 August 2019
i am not talking about 44AD pls
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On 17 August 2019 at 22:38
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17264 Points Posted on 17 August 2019
No tax audit . File ITR 3
101 Reply
On 17 August 2019 at 23:00
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JOB
32 Points Posted on 17 August 2019
but they r not allowing to file ITR-3
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On 17 August 2019 at 23:06
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82 Points Posted on 18 August 2019
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
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On 18 August 2019 at 00:25
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12244 Points Posted on 18 August 2019
not allowing to file ITR 3? what error message did you get at the time of filing?
35 Reply
On 18 August 2019 at 01:49
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Student
1628 Points Posted on 18 August 2019
Read the provision of Section 44AB
4 Reply
On 18 August 2019 at 20:17


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