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Tax audit applicable or not

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(Querist)
05 August 2014 IF ANY ONE HAVE TURNOVER
1 ) XXX HOUSING AND LAND DEVELOPMENTS PRIVATE LIMITED FOR RS 30,75,058/- TAX CREDITED US 206CA IS 30,754/-

2) XXX WINES PRIVATE LIMITED FOR RS 49,93,081/- CREDITED US 206CA IS 49,930/-

THEN TAX AUDIT IS APPLICABLE OR NOT FOR AY 2014-15.

IF NO THEN HOW CAN I SHOW INCOMES
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 August 2014 if income from busines does not exceed rs 100 lakhs then no tax audit is applicable.
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Rupesh Jain

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Rupesh Jain (Expert)
06 August 2014 it is not u/s 44AB due to turnover is less than 100 lacs for tax audit . but for company act it is compulsory .
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Prashant Kumar Gupta

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Prashant Kumar Gupta (Querist)
06 August 2014 We can take profit us 44ab when turnover less 100 lac
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Prashant Kumar Gupta

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Prashant Kumar Gupta (Querist)
06 August 2014 We can take profit us 44ab when turnover less 100 lac

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