Tax Management India. Com
                        Law and Practice: A Digital eBook ...
TMI - Tax Management India. Com
Case Laws Acts Notifications Circulars Classification Forms Articles News
Highlights
D. Forum
What's New
Sub-Menu

Share:      

        Home        
 
Discussions Forum
Home Forum Income Tax This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

← Previous Next →

Tax Audit Applicability, Income Tax

Issue Id: - 117341
Dated: 8-7-2021
By:- Bipin Parmar
Tax Audit Applicability

  • Contents

Dear Experts,

Whether sale of TDR (by developer) counted in Turnover for the purpose of applicability of tax audit? If yes what would be tax audit limit for pvt. ltd co? If it declares profit less than 8% or say loss then will it be required to get it's accounts audited?

Thanks

Bipin

Post Reply

Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 10-7-2021
By:- ARVIND JAIN

Yes TDR sale is to be counted for Tax Audit Limit which is ₹ 1 Cr and Sec 44AD provision of declaring 8 % profit is not applicable for Co.


2 Dated: 12-7-2021
By:- Bipin Parmar

Thank you sir for your response.


1

Post Reply

← Previous Next →

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || Database || Members || Refer Us ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.
|| Site Map - Recent || Site Map || ||