Income from share trading under head PGBP, turnover 65 crore, profit lower than 8%.
whether liable to tax audit?
Yes. Turnover more than 1 Cr.
G.S. Arora (no) (98 Points)
05 October 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(170785 Points)
Replied 05 October 2016
Yes. Turnover more than 1 Cr.
CA Harshal Totla
(Chartered Accountant)
(2229 Points)
Replied 05 October 2016
shivaji prasad bhimavarapu
(CHARTERED ACCOUNTANT)
(2391 Points)
Replied 05 October 2016
Supplementing Mr Dhirajlal's reply, I suggest you to go through guidance note of ICAI in determining the TURNOVER. Based on that definition, take a decision of deemed profit or Tax audit
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 05 October 2016
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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