Tax audit 44ab
This query is : Resolved
SUJIT BANERJEE
(Querist)
25 September 2018
GROSS TURNOVER F/Y 2017-18 (A/Y2018-19) 1,70,99,332/- NET PROFIT 6,27,980/- % OF PROFIT 3.67254%. SHOULD TAX AUDIT UNDER 44AD.
25 September 2018
As per sec 44AB the above said value fall under Tax Audit...
If Asseessee will be file u/s 44ad (If Eligible Assessee and Eligible Business) then He must show the profit 8 percentage or above 8 percent / (6%). If it's lesser then Tax Audit applicable as per sec 44AD...
14 October 2021
If the previous returns not filed u/s. 44AD; then tax audit u/s. 44AB(a) will be applicable.
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
