Audit of accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2014
My sales is Rs. 89,00,000
My Expeses Is Rs. 87,00,000
i having dedution under 80C Rs.50,000
My Net Profit is Rs. 2,00,000/-
my Total Net Income After 80C is Rs. 1,50,000/-
Wheter i have to audit my account
My Expeses Is Rs. 87,00,000
i having dedution under 80C Rs.50,000
My Net Profit is Rs. 2,00,000/-
my Total Net Income After 80C is Rs. 1,50,000/-
Wheter i have to audit my account
08 September 2014
if ur having business then no tax audit is applicable in this case as it doesnt exceed rs 100 lakhs
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 September 2014
but my profit is below 8% so my friend advice me to get audited your accounts
09 September 2014
you havent mentioned this fact in ur above querry and ur friend is right
09 September 2014
i agree with tushar
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