Menu
Is tax audit required for hotel business
Sir is tax audit required for a hotel running through room rent whose turnover is around 60 lakhs and net loss around 20 lakhs.
Replies (1)
Tax audit is not required to you.
When turnover or Gross Receipts exceed 1 crore then only tax audit under 44AB is required.
Book of account and financial statements ( BS & P&L) are must for your hotel business.
When turnover or Gross Receipts exceed 1 crore then only tax audit under 44AB is required.
Book of account and financial statements ( BS & P&L) are must for your hotel business.
Recent Threads
- TDS u/s 194J - training honorarium
- WHERE TO REGISTER UNDER PTRC AND PTEC ACTS ?
- Key Corporate Compliance Requirements for Private
- Gst Non Filling Return Notice
- GSTR 2B ( MULTIPLE MONTHS )
- Eway bill generation for export material.
- International Tax clarification UK.
- E way bill expired penalty
- Best SME Focused AIF Funds in India for High Growt
- How does employee management software help in stat
Related Threads
CAclubindia
