Tax Audit Clause
CA Arun Gupta (CA) (173 Points)
26 September 2019so in which clause should I file my Tax Audit whether 44B(a) crossing threshold limit or 44Ab(e) showing profit less than 8% ???
CA Arun Gupta (CA) (173 Points)
26 September 2019
RAJA P M
("Do the Right Thing...!!!")
(127957 Points)
Replied 26 September 2019
prasad Nilugal
( GST Practitioner & Accounts )
(14546 Points)
Replied 26 September 2019
See Section 44AB ( a) talks about ,if your gross receipt during the previous year exceeds RS 1 CR then Audit is required .and in second case Section 44AB (e) talks about If income of assessee exceeds the maximum exemption limit and he had opted for the scheme 44AD in any last five years , but dose opt for same current year then audit is required .
As you mentioned Section 44AB(a) & Section 44AB(e)
Kapadia Pravin
(17254 Points)
Replied 27 September 2019
Live class on PF & ESI Enrollment & Returns Filing(with recording)