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Tax Audit Full Details

Hema Mahesh (5 Points)

05 June 2020

Who are the Filed to Tax Audit???
How do Maintain in books of Account???

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Shubham Sharma (Accountant ) (148 Points)
Replied 05 June 2020

A taxpayer is required to have a tax audit carried out if the sales, turnover or gross receipts of business exceed Rs 1 crore in the financial year. However, a taxpayer may be required to get their accounts audited in certain other circumstances ex section 44AD. For books of accounts refer section 44AA

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Hema Mahesh (5 Points)
Replied 14 June 2020

Below 8 % of Net Profit going to Tax Audit ?

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