CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 05 January 2021
| Originally posted by : saurabh sawlani | ||
 |
Dear sir/mam, if my sale in FY 19-20 is 40 lakh rupees and I am showing my net profit ₹ 2 lakh which is less than 8% and 6% then do I need an audit?Regards |  |
Audit is not mandatory but maintainence of account is mandatory in your case.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 05 January 2021
| Originally posted by : saurabh sawlani | ||
|
SIR MUJE ITR3 HI FILE KRNA HAI ITR4 NHI... OR MERA QUESTION BHI ITR3 K BASE PER E HAI.. OR ABHI TAK MERA CONCEPT CLEAR NHI HUA HAI... MTLAB KYA KRNA HAI... AGAR ME ITR4 KRTA HU TOH KYA HOGA OR ITR3 FILE KRTA HU TOH KYA HOGA... PLEASE SIR GUIDE KRO | |
U need to file ITR3
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 05 January 2021
| Originally posted by : saurabh sawlani | ||
|
Toh sir audit kru ya nhi? | |
Nhi
CA Sachin M Jain
(CA | GST | Refunds | Advisory | Litigation)
(1337 Points)
Replied 05 January 2021
With the given facts of Net profits less than 8% & 6%, you will have to get the books of accounts audited by a CA.
However, there are alternative to Audit when the Net profits is below 8% or 6%.
For more details - CA Sachin M Jain .8.O975. l5447.
WhatsApp : https://tinyurl.com/wCASMJ
Facebook : https://tinyurl.com/FCASMJ
Instagram : https://tinyurl.com/ICASMJ
LinkedIn : https://tinyurl.com/LCASMJ
YouTube : https://tinyurl.com/YCASMJ
Twitter : https://tinyurl.com/TCASMJ
Email : casachinmjain @ gmail.com
CA Sachin M Jain
(CA | GST | Refunds | Advisory | Litigation)
(1337 Points)
Replied 05 January 2021
With the given facts of Net profits less than 8% & 6%, you will have to get the books of accounts audited by a CA.
However, there are alternative to Audit when the Net profits is below 8% or 6%.
For more details - CA Sachin M Jain .8.O975. l5447.
WhatsApp : https://tinyurl.com/wCASMJ
Facebook : https://tinyurl.com/FCASMJ
Instagram : https://tinyurl.com/ICASMJ
LinkedIn : https://tinyurl.com/LCASMJ
YouTube : https://tinyurl.com/YCASMJ
Twitter : https://tinyurl.com/TCASMJ
Email : casachinmjain @ gmail.com
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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