Dear Members
One of my client is architech designer.
As per 26 AS form his total contract receipts 1614780 and Professional receipts is 1140000 total income 2754780 for financial year 2012-2013.
Does he require audit?
reply urgent
2 Replies
Sathya Sankeerth K N
(Chartered Accountant)
(429 Points)
Replied 04 April 2014
It depends upon how the books of accounts are maintained. If your client is maintaining two sets of books, then the tax audit is not required. Note that 44AB audit and Form 3CD is issued business wise. On the other hand return can be filed from same PAN.
If the client do not have any such seperate books of accounts, then he has to get his accounts audited.
Vivek Khakhkhar
(Assistant Audit Manager)
(201 Points)
Replied 05 April 2014
Agreed with above answer.
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