AUDIT U/S 44AB APPLICABILITY
This query is : Resolved
16 July 2022
My client is a works contractor, who naturally filled ITR 4 as his gross turnover is bellow INR 2 Core., But during FY 2021-22 is gross turnover exceed to INR 3 Crose, Is tax audit u/s 44AB applicable? his payment in the mode of cash is more than 5% of his total payment .
16 July 2022
Yes, tax audit u/s. 44AB(a) of IT act, applicable.
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