Type - Private limited company
Turnover - 35 Lakhs
Net Profit - 1.2 Lakhs
required tax audit...?
4 Replies
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 09 January 2021
No as turnover does not cross the limit of Rs 1crore required by 44AB
JITENDRA SINGHVI
(SELF EMPLYOED)
(211 Points)
Replied 09 January 2021
What about lower than 8% profit
CA ABHAY GUPTA
(Practice)
(3230 Points)
Replied 09 January 2021
That is written in section 44AD which is applicable on individual HUF and Partnership Firm not to LLP or Company..
Recent Topics
- Avoiding tax audit in case of intraday equity loss
- Form 3CEAB
- Form 3CEAA and Form 3CEAB
- DIR 3 Web KYC
- Can i declare LTCG income as business income if I
- Stock entry in new software
- I have an EMI collection shop, what is its SAC cod
- Making payment once in quarter possible under QRMP
- Master File Documentation related
- Applicability of 44AD needs clarification
Related Threads
CAclubindia
