tax audit required or not

29 June 2018

I have proprietorship and my turnover is below 1,50 lacks. so tax audit is required
or not?

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6 Replies

Ashish Khillan (Gaining knowledge) (1039 Points)
Replied 29 June 2018

if profit is less than 8 % then required .

Mansi Mhapsekar (158 Points)
Replied 29 June 2018

no , profit is greater than 25%,, so not required audit

Ashish Khillan (Gaining knowledge) (1039 Points)
Replied 29 June 2018

wht is ur business?................

Mansi Mhapsekar (158 Points)
Replied 29 June 2018

providing tally support service

CA ABHAY GUPTA (Practice) (3230 Points)
Replied 29 June 2018

yes you fall under section 44 AD you are not required tax audit

IMRAN (STUDENT) (46 Points)
Replied 02 July 2018

AS PER GST NO REQUIRED

BUT IT WILL BE REQUIRED

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