Income tax audit
ripu sudan Maroo (43 Points)
20 October 2020
maximum turnover limit which is not applicable for income tax audit for F.Y 2019-20?
4 Replies
MAHARAJA SELVA ESWAR
(285 Points)
Replied 25 October 2020
If u didnt opt for 44 ad , then upto 5 crore , no audit is reqd
ripu sudan Maroo
(43 Points)
Replied 25 October 2020
Assese haveturnover less than 2 cr and net profit less than 8% still why he is in audit?
MAHARAJA SELVA ESWAR
(285 Points)
Replied 26 October 2020
Whether the assesee has opted for presumptive taxation? if yes, then deemed profits will be inapplicable as profit less than 8 percent and audit will be reqd.
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