Tax Audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2010
A persons turnover is less than 60lacs but profit is more than 60 lacs, he is sole trader, audit is required ?
TAX audit is required for an individual who is carrying business in his individual name , tunover is less than the reuqired limit but income is more than the turnover limit for audit?
TAX audit is required for an individual who is carrying business in his individual name , tunover is less than the reuqired limit but income is more than the turnover limit for audit?
28 July 2010
if business turnover is less than 40 lacs then no tax audit
but wat income made his profit more than 60 lacs
but wat income made his profit more than 60 lacs
28 July 2010
for tax audit only turnover will be consider not profit.
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 July 2010
CA ravindra,
So for audit turnover is considered and not profit ? whether profits is more than 60lacs or less irrespective of that only turnover considered ?
So for audit turnover is considered and not profit ? whether profits is more than 60lacs or less irrespective of that only turnover considered ?
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