TAX AUDIT

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imrankhan (Querist)
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15 February 2018 Sir if individual turnover is 1.5 cr and profit below exemption limit can he required Tax Audit us 44ab

RAJA P M (Expert)
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15 February 2018 Yes... If his profit is less than 8% then he fall under Tax Audit (44AB) case...

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Bhaskaran Chackrapani Warrier (Expert)
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16 February 2018 No need of tax audit since assessee is an individual and conditions for tax audit as
in 44AD(5) is not satisfied.

imrankhan (Querist)
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19 February 2018 thanks sir

imrankhan (Querist)
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03 March 2018 But in Income tax return its not accept. which return i filled. itr 4-3 not accept.

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