Showing lower profit than 8% still audit not required
vidya burman (student) (15 Points)
18 December 2019vidya burman (student) (15 Points)
18 December 2019
Himanshu
(I )
(11 Points)
Replied 18 December 2019
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 18 December 2019
RAJA P M
("Do the Right Thing...!!!")
(128062 Points)
Replied 18 December 2019
Kapadia Pravin
(17259 Points)
Replied 18 December 2019
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 19 December 2019
RAJA P M
("Do the Right Thing...!!!")
(128062 Points)
Replied 19 December 2019
Originally posted by : CA ABHAY GUPTA | ||
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@ Raja ji and @ Kapadia Ji there is a clause in 44AĎ to get books audited but it is not compulsory if your net profit does not exceeds maximum amount not chargeable to tax.. kindly refer section 44AB(e) rws 44AD... | ![]() |
Yes, You are exactly correct Mr CA ABHAY GUPTA JI...
But, The Said limit (2.5 lakhs) is not applicable to All Taxpayers***... Right....?!
*** Taxpayers means Individual, HUF, Firm, Pvt Ltd, Ltd, LLP, Trust, .....
CA MAYUR THAKKAR
(Propritor)
(65 Points)
Replied 20 December 2019
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