TAX AUDIT APPICABILITY

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..... 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 asse .....

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..... ssee 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 b .....

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..... ut 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 - Re .....

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..... ply By DR.MARIAPPAN GOVINDARAJAN - The Reply = In my view NO - TAX AUDIT APPICABILITY - Query Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 2-1-2021 Income Tax - Got 1 Reply - Income Tax - Dis .....

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..... cussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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