Tax audit
This query is : Resolved
05 December 2012
sir,
U/S 44AD IF assessee's turnover is less than 1 crore and he claim his income lower than 8%
then he has to get his accounts audited u/s 44AB
sir now my question is:
is that audit u/s 44AB included in 45 tax audit limit of a chartered accountant ??
U/S 44AD IF assessee's turnover is less than 1 crore and he claim his income lower than 8%
then he has to get his accounts audited u/s 44AB
sir now my question is:
is that audit u/s 44AB included in 45 tax audit limit of a chartered accountant ??
05 December 2012
Yes, it will be included.
Message likes :
1 times
05 December 2012
but sir it is clearly mentioned u/s 44AB that every person carrying on business shall, if his total sales, turnover or gross receipts , as the case may be , in business exceed or exceeds 1 crore rupee..
and u/s 44AD an assessee always has turover less than rs 1 crore..??
and u/s 44AD an assessee always has turover less than rs 1 crore..??
05 December 2012
Audit u/s 44AD will not be counted for the limit of 45 audits.
Courtesy :- 5th para of clause 6.0 of Council Guidelines No.1-CA(7)/02/2008, dated 8th August,2008.
Courtesy :- 5th para of clause 6.0 of Council Guidelines No.1-CA(7)/02/2008, dated 8th August,2008.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- TDS deduction (debit notes)
- Can a partnership firm become partner in a LLP ?
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- TDS on purchase of value vouchers for employees ?
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
