|
|
Tax Management India. Com
Law and Practice: A Digital eBook ... |
|
|
Case Laws
Acts
Notifications
Circulars
Classification
Forms
Articles
News
Highlights
D. Forum
What's New
Sub-Menu
|
Share:
| Discussions Forum | ||
Home  Forum Income Tax This
|
||
| A Public Forum. Anyone can participate to share knowledge. |
||
|---|---|---|
| We acknowledge the contributions of Experts/ Authors. | ||
|
||
TAX AUDIT APPICABILITY, Income Tax |
||
|
|
||
|
||
TAX AUDIT APPICABILITY |
||
Dear Professionals, Please guide me if Tax audit is applicable in the below case: Nature of the Company - Business (traders) and Turnover is 79lac during the year 2019-20. They are eligible assessee u/s/ 44AD. Upto the FY 2018-19, the assessee was covered under tax audit and it has been duly filed. However, during 2019-20, since the turnover is less than 2cr the assessee can avail 44AD but the assessee wants to show less than 8% profit. Is tax audit applicable if less than 8% profit is declared? (6% profit declaration is not applicable to this assessee) Thank you in advance Posts / Replies Showing Replies 0 to 0 of 0 Records No Post / Reply found for this query |
||
|
|
||
Home ||
About us ||
Feedback ||
Contact us ||
Disclaimer ||
Terms of Use ||
Privacy Policy ||
Database ||
Members ||
Refer Us ||
|
