Details
subhagan sreerangam (7046 Points)
09 June 2018
Compulsory Turnover limit (1) in Income Tax (2) in GST for the financial year 2017-2017 and due date of return filing above cases.
2 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 June 2018
INCOME TAX :
As per Income Tax related Audit is based on Assessee's filing. If A Assessee's T/O exceeding 1cr in FY 17-18 and he will file his ITR u/s 44AD (if eligible business) then he can go to file without Tax Audit and will File on or before 31st July 2018...
Otherwise he fall under Tax Audit u/s 44AB and Due date is 30th September 2018...
GOODS AND SERVICES TAX :
As per GST Tax Audit Limit is 2cr
An annual return using the Form GSTR 9B along with the reconciliation statement by 31st December of the next Financial Year,
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