Only Sale of service provider by individuals, Pvt ltd and LLP limit are 1 Cr. For tax audit or not?
3 Replies
Shubham Kumar
(GM)
(22 Points)
Replied 27 September 2019
refer section 44 AB and 44AD. For more detail click on below link
https://www.profzilla.com/blog/post?seo=Tax-Audit-and-the-Presumptive-Taxation&cat=1&id=17
deepak
(PCS)
(430 Points)
Replied 27 September 2019
Plz let me know if Pvt ltd company turnover is less than 1 Cr then they can show profit 5.5 percentage or not without tax audit?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 27 September 2019
If less than 1cr then Tax audit not applicable.
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