Question ID :
44742
082701
A firm providing plumber service Value around 50 Lacs and at the same time selling motors etc of 20 Lacs Whether Tax audit is necessary
Posted by
Mahesh Kumar
on
Oct 23, 2024
Filed Under
DIRECT TAXES
If the gross receipt from services exceeds threshold limit, tax audit of books of accounts of profession as well as sales is mandatory even if gross turnover is less than threshold limit. (Reference ICAI Guidance note on tax audit)
Posted by
CA. chunauti dholakia on
Oct 24, 2024