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bokks of accounts and sec 44ad, Income Tax
Issue Id: - 116907
Dated: 14-12-2020
By:- giri gattupalli

bokks of accounts and sec 44ad

  • Contents

respected sir

one of my client turnover during fy 2019-20 is 60,00,000. i have maitained books of accounts and earned net profit at 9% that is 5,40,000. and i do not want to opt SEC 44AD. please advise whether i required to get my accounts audited or not .please discuss.

thanking you

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 28-12-2020
By:- AshaKanta Sharma

I think Tax Audit is only required when Turnover limits exceeds the limits prescribed.

Page: 1

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