IF the turnover of assessee is below Rs 50 lacs but profit
declared is less than 5% of turnover . IS he subject to tax
audit?
- 3 Answers
- 5246 Views
- I also Faced
- E-Mail Answers
Answer Posted / chetan
turnover crossing 40 lacs so it will attract tax audit
| Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
what is the vat rate of Saw dust powder in maharashtra
anybody pls tell me about the service tax
What is the different between Excise Invoice and Invoice
what is period VAT revised return can be filed?
What is tha Central sales tax rate 2010 in andhrapradesh
A Norwegian Company rents some equipment to a customer in India. The Norwegian Company does not have an office in India. The new tax regulations make in mandatory for them to furnish a PAN number without which a with holding tax will be deducted. The Norwegian company will be paying tax on this rental income in Norway. India and Norway have a Double Tax Avoidance Agreement. I wish to know 1) Is it possible for the Norweigian company to avoid the with holding tax in India?
Can I use a single way bill for 1 vehicle dispatching material from multiple consigners to a single consignee???
How to calculate excise duty on mobile products?
Can a person fill a nri in an income tax form if he has been out of india for six months though he is indian citizen?
what is the scope of business taxation in private company?
how we calculate the tds on salary.
I have working with Rs.180000/- I want fill up itr 1st time What is process.
1· What is a bad credit score? 2· What does my credit score mean? 3· Can I check my Vantage credit score range online? 4· Should I have perfect credit score, that is, above 800 credit score? 5· With a 600 credit score, how to improve my credit rating score? 6· How to raise my credit score if I have 500 credit score? 7· How to increase your credit rating score quickly? 8· How can I find out my credit rating score for free? 9· Home Equity Loans ????????· 10. Calculate Mortgage 11· Mortgage Payment 12· Mortgage Payment Problems
Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds
