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Question ID : 44407

audit u/s 44AB

One thing I want to know what will happen ,if turnover is below 1 cr and profit is less than 8%/6%,then tax liability would be huge if there is no audit u/s 44AB . What will be the course of action then ??

Posted by SUDIP KUMAR MUKHOPADHYAY on Jan 14, 2023


Answer ID : 83873

Opt for Tax Audit

Posted by Mahesh Kumar on Jan 16, 2023
Answer ID : 83875

opt for tax audit or file return less than 2.5 lacs.

Posted by SHUBHAM SONI on Jan 17, 2023
Answer ID : 83880

Either take benefit of exmption / deduction available or go for audit

Posted by SURAJ KUMAR CHOUDHARY on Jan 18, 2023
Answer ID : 83885

Option to opt for Tax Audit is better in given situation.

Posted by ABHISHEK ASHOK RASANE on Jan 19, 2023