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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
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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
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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?
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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
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On 18 August 2019 at 20:17


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