TaxTMI 
TaxTMI 
TAX- AUDIT FOR FY 18-19
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....AX- AUDIT FOR FY 18-19<br> Query (Issue) Started By: - RAHUL GAIKWAD Dated:- 3-8-2019 Last Reply Date:- 16-8-2019 Income Tax<br>Got 5 Replies<br>Income Tax<br>In FY 16-17 we filed Income Tax Return u/....
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....s 44AD, In FY 17-18 turnover was 3cr so we Filed Tax Audit. Now in FY 18-19 our Turnover is 1.75 CR, We are liable to Tax Audit.? or We can File Income Tax Return U/s 44AD.? Help Reply By KASTURI SE....
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....THI: The Reply: Section 44 AD talks of turnover pertaining to the previous financial year. For my knowledge sake, will you please inform me why have you doubt ? I am not expert in Income Tax Act. I a....
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....m asking with an intent to enrich my knowledge in this field. Thanks. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: You have to file income tax return. There is no exemption for filing income tax ....
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....return. Since your turnover is more than ₹ 1 crore tax audit is to be done; if you are professional tax audit is required if the same exceeds ₹ 50 lakhs. Reply By KASTURI SETHI: The Reply....
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....: Sir, Thanks a lot for your reply. Reply By RAHUL GAIKWAD: The Reply: My question is that, Can I file income tax return under 44ad without tax audit because my turnover is 1.75 cr.? 44ad limit is....
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.... 2cr Reply By Ramesh Kothari: The Reply: Obvious no need to file when section 44AD it self your answer<br> Discussion Forum - Knowledge Sharing ....