Can someone explain section 44AB of Tax audit along with sub section 4 & 5 of Sec 44AD.
My turnover is 95 lakhs and my profit is 1,90,000 as per by books. Do i need to go for Tax audit. Since my turnover is less than 1 crore is it necessary?
Shrividhya (CA Final Student) (74 Points)
29 August 2018Can someone explain section 44AB of Tax audit along with sub section 4 & 5 of Sec 44AD.
My turnover is 95 lakhs and my profit is 1,90,000 as per by books. Do i need to go for Tax audit. Since my turnover is less than 1 crore is it necessary?
Rakesh Bandal
(Self Employed and Agriculture)
(1349 Points)
Replied 29 August 2018
You need to get your accounts audited
udit jain
(24 Points)
Replied 30 August 2018
CA Neelima Kotha
(Consultant)
(606 Points)
Replied 30 August 2018
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)