Audit or not
ANIL KUMAR KHETAN (PROPRIETOR) (523 Points)
26 August 2020ANIL KUMAR KHETAN (PROPRIETOR) (523 Points)
26 August 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 26 August 2020
ANIL KUMAR KHETAN
(PROPRIETOR)
(523 Points)
Replied 26 August 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 26 August 2020
Tax audit u/s 44AB of income tax Act, 1961 is required if your Turnover is more than 2 Crore.
If your turnover is less than two crore but more than 1 crore , and your filing your income tax return under normal scheme (not under Presumptive Scheme) , than also tax audit is applicable to you.
Note : Assume that you' have a Proprietorship business.
ANIL KUMAR KHETAN
(PROPRIETOR)
(523 Points)
Replied 26 August 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 26 August 2020
Shivam RC
(Student)
(23683 Points)
Replied 26 August 2020
Live class on PF & ESI Enrollment & Returns Filing(with recording)