Tax audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 July 2014
My friend has a petrol pump & he wanted to submit his return for the first time in financial year 2013-14.His total sales for the year ended 31-3-2014 almost 4 crores,but he earned commission from IOC 10.76 LACS.Is it required to done a tax audit for his accounts based on the gross sale?
22 July 2014
yes he is covered under sec 44AB tax audit and must file return by 30.9.2014
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
- USE THE BANK ACCOUNT OF WIFE
- If ITC not claimed is there any issue
- Deemed rent on house property
- Benefit of employee
- Place of supply or billing addres which applicable for tax
- CAPITAL GAIN IN NEW REGIM
- List of Exampted Allowance or head of income for salaried employees after 2025 budget
- SALE OF RESIDENTIAL HOUSE PROPERTY PURCHASE AN AGRICULTURAL LAND
- 60 days significance in defining a resident
- REBATE UNDER SECTION 54 FOR SHORT TERM CAPITAL GAIN
- TDS on repair charges done on exported Goods in Korea
- Form 26AS dosnot contain the amount of TDS/TCS with respect o TAN mentioned in scheule TDS 1/TDS 2/
- Refund of VAT ITC due to Evaporation loss.
- New update in 44AD
- Long Term Gain of Debt fund (purchased in 2014 and sold in F Y 2024-2025 ( Feb'2025)
- Capital Gains from sale of property
- ITC on IGST
- Typo in PAN Number in Sale Agreement
- TDS on Sale of Properties
- GST rate on monthly hiring of vehicle for internal transport and outside factory transport
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert04 February 2025
CAclubindia
