If individual and pvt ltd sale of service business and gross receipt is 55 lac( other than professional services) and profit is 24 percentage in such case tax audit is required or not?
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 11 October 2019
CA Dhruva Kalamanji
(Chartered Accountant )
(1996 Points)
Replied 11 October 2019
deepak
(PCS)
(424 Points)
Replied 11 October 2019
Both pvt ltd and proprietor are in service provider business and profit is 24 and 25 percentage of each and gross receipt is 55 lac . So tax audit required or not?
RAJA P M
("Do the Right Thing...!!!")
(127911 Points)
Replied 11 October 2019
| Originally posted by : deepak | ||
 |
Both pvt ltd and proprietor are in service provider business and profit is 24 and 25 percentage of each and gross receipt is 55 lac . So tax audit required or not? |  |
Are You asking different asseessee or both are single...???
Pvt ltd a single organisation.... Proprietor is a single entity....
deepak
(PCS)
(424 Points)
Replied 11 October 2019
Pvt ltd a single organisation.... Proprietor is a single entity....
Mukesh babu
(No)
(105 Points)
Replied 13 October 2019
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