limit for tax audit
vijay mohan (173 Points)
31 July 2018vijay mohan (173 Points)
31 July 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(171267 Points)
Replied 31 July 2018
Tax audit for any eligible business having opted presumptive assessment u/s. 44AD is applicable only if turnover crosses 2 Crs.
So, in this case audit will be applicable, provided profit declared is less than 6/8% of TO.
vijay mohan
(173 Points)
Replied 31 July 2018
CA Jubair J Jeri
(Practicing Chartered Accountant)
(147 Points)
Replied 31 July 2018
Yes , vijay mohan as per provision of Section 44 AB clause (a) he is liable for tax audit.
RAJA P M
("Do the Right Thing...!!!")
(128029 Points)
Replied 31 July 2018
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)