Question ID :
39267
Tax Audit Ceiling
If an individual is having gross receipt (Turnover) Exceeding 1 crore but less than 2 crore and he declares profit below 8% than this particular audit will come under the audit ceiling of 60 Tax Audit U/s 44AB or not?
Posted by
Kachhawa Dinesh Dahyaji
on
Jul 04, 2019
Filed Under
AUDIT
Yes. If presumptive taxation is not opted, it will be covered under audit u/s. 44AB(i) and also be covered under ceiling limit of 60 audit.
Posted by
CA. chunauti dholakia on
Jul 04, 2019
Answer ID :
78979
YES. It is ubject to ceiling of 60 Tax Audits.
Posted by
CA PRADEEP C B on
Jul 05, 2019
Answer ID :
79007
it will be counted for the limit of 60 audits.
Posted by
CA. VENKITARAMAN K V on
Jul 10, 2019