proprietorship firm Audit
NARESH JOSHI (24 Points)
18 December 2018
is audit requires my turnover is rs.33204213 till Dec 18.
3 Replies
Charan Raju
(132 Points)
Replied 18 December 2018
Tax Audit is applicable if the gross receipts or turnover exceeds 100 Lacs..However there are some exceptions
Muhammed
(Chartered Accountant)
(251 Points)
Replied 18 December 2018
For the current financial year your entire business will be liable for audit u/s 44 AB, however you had given the gross figure and there are some exemptions from the same..
Harshavardhan
(student)
(138 Points)
Replied 25 December 2018
Tax audit is compulsory for whose turnover is more than 1 cr in the financial year
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