Under section 44Aa
Rajat Sharma (496 Points)
12 September 2021Rajat Sharma (496 Points)
12 September 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 12 September 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(166399 Points)
Replied 12 September 2021
Well, if 95% or more of your sales & purchase transactions are through banking channel; & if sec. 44AD(4) not applicable in any previous years; tax audit is not mandatory.
veerendar singh
(tax consultant)
(3301 Points)
Replied 12 September 2021
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 12 September 2021
Maintenance of books would be mandatory for you.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 12 September 2021
Audit would apply to you only if your gross receipt or turnover is more 5% of total recipts and payments.... that means u must mostly deal in non cash transaction to avoid audit.. Otherwise audit is definitely applicable
CA. Heet Shah
(Tax Consultant & Practitioner)
(6178 Points)
Replied 12 September 2021
Looking at ur facts u need to file ITR u/s 139 with form 3CA /3CD for further assistance u may get in touch
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 02 November 2021
Live class on PF & ESI Enrollment & Returns Filing(with recording)