Audit report for professionals

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2018 sir/ madam
i have to submit my audit report for professional bussiness, so kindly let me know which audit report i have to submitted .

thanking you

ishfaq ahmad

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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01 March 2018 If you are liable for tax audit u/s 44AB 1) If total sales, turnover or gross receipts exceeds Rs. 1 Crore in any previous year, in case of business; or
Note: Provided that this section is not applicable to the person, who opts for presumptive taxation Scheme under Section 44AD and his total sales or turnover does not exceed Rs 2 crores.
2) If gross receipts exceeds Rs. 50 Lakhs in any previous year, in case of profession.

Querist : Anonymous

Querist : Anonymous (Querist)

05 March 2018 SIR I WANT TO KNOW WHICH AUDIT REPORT IHSVE TO SUBMIT OF A PROFESSIONAL , 3CB OR 3CA

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