Section 44AB-Tax Audit Limit For the FY 2023-24 and AY 2024-25 II When Tax Audit is must II

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Section 44AA-Books of Accounts
• Section 44AA-Compulsor...
Presumptive Tax U/s 44AD for Business
• Presumptive Taxation 4...
Presumptive Tax U/s 44ADA for Professional
• Presumptive Taxation 4...
Tax Audit Limit for FY 2023-24,
When Tax Audit is compulsory,
#cavedtaya,
Ca Ved taya,
Section 44ad,
Section 44ada,
Tax Audit Limit for FY 2023-24,
tax audit limit for individual,
tax audit limit for professional,
Tax Audit Last Date FY 2023-24,
tax audit kya hota hai,
tax audit kaise karte hain,
#taxaudit,
#taxaudit,
#TaxAuditForAy2024-25,
#AY2024-25,
#WhoIsCoveredUnderTaxAudit,
#Section44AB,
#44AB,
#WhoIsLiableForTaxAudit,
#TaxAuditApplicabilityInIndia,
#ThresholdForTaxAudit,
#TaxAuditRequirementInIndia,
tax audit kab jarrori hai,
Tax Audit Limit for Business- FY 2023-24
1.Business in which Digital Transactions more than 95% - Sales/ TOR INR 10 Cr
2. Normal Business if Digital Transactions less than 95% - Sales TOR INR 1 Cr
3. Opt Section 44AD if Sale TOR less than INR 2 Cr
Tax Audit Limit for Profession- FY 2023-24
1. Gross Receipt more than INR 50 Lakh
2. Opt Section 44ADA if GR less than INR 50 Lakh
Tax Audit Limit for Business- FY 2023-24
1. Business in which Digital Transactions more than 95% - Sales TOR INR 10 Cr
2. Normal Business if Digital Transactions less than 95% - Sales TOR INR 1 Cr
3. Opt Section 44AD if TOR less than Rs 3 Cr
Tax Audit Limit for Profession- FY 2023-24
1. Gross Receipt more than INR 75 Lakh
2. Opt Section 44ADA if GR less than INR 75 Lakh
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Пікірлер: 28

@sreekanthtm3983 Ай бұрын

Super class. Thank you

@tirthshah3071 2 ай бұрын

Sir but what about those businesses whose cash receipts are less than.5% but turnover is less than 10 cr. However, their turnover is more than 3cr rupees resulting into non opting for 44AD. Are the liable for tax audit??

@vpstca 2 ай бұрын

You can't opt 44AD bcoz TOR is more than Rs 3 Cr... and also not liable to Tax Audit bcoz TOR is less than Rs 3 Cr

@RKBTaxConsultancy Ай бұрын

@@vpstca Can he show profit 2-3% without audit also ?

@RKBTaxConsultancy Ай бұрын

Can he show profit 2-4% without audit also

@vpstca Ай бұрын

@@RKBTaxConsultancy no

@RKBTaxConsultancy Ай бұрын

@@vpstca 1st year of Business Turnover -5cr All receipts & Payment Online mode Profit -3% Audit applicable? Sir clarify

@J_P_7777 24 күн бұрын

Sir agar mera fno me turnover 10cr ke niche he aur profit 3cr he to kitna tax bharna hog?

@vpstca 22 күн бұрын

Rs 1,12,90,500 for FY 2024-25 & AY 2025-26

@sanjaykumar-ib3kh Ай бұрын

Intraday loss hai 5 lac - kya Audit karvana jaruri hai ( intraday turnover F&O - loss hai 6 lac ka - kya audit karana jaruri hai

@vpstca Ай бұрын

No need to audit just maintain books of accounts

@yashshrishrimalvlogs3116 Ай бұрын

Premsemptive opted earlier This year shown loss Tax audit NA Next year shown total income more than BEL is tax audit applicable

@vpstca Ай бұрын

How you show loss this year you choose 44ad last year so this year also you have to show your income as per section 44ad minimum 6% if you opt out from 44ad and your total income is more than 2.50 lakh then go for tax audit

@AbhishekGupta-su6et 2 ай бұрын

In case of opting out of 44AD, audit applicable if total income exceeds BEL. Here total income means total business income only or it includes other sources likes fd interest also?

@vpstca 2 ай бұрын

Here total income means income from all heads

@VinayKumar-gj4yn Ай бұрын

If I have losses under FNO then I'll file my return as per normal provisions without opting for presumptive scheme. Still do I need to get audit done?? Pls Clarify me Sir I have salary income as well say 5Lakhs

@vpstca Ай бұрын

No Audit

@VinayKumar-gj4yn Ай бұрын

@@vpstca Ok Sir

@anshulikaverma5540 Ай бұрын

Hi sir, I want to show my F&O losses this year and last year I opted for 44ADA (not 44AD). Is audit required for me? Please help with this query sir Thank you

@vpstca Ай бұрын

No audit required this condition is not applicable on 44ada

@anshulikaverma5540 Ай бұрын

@@vpstca thank you sir

@jeckyrana5035 Ай бұрын

hello if turnover is less than 1 crore and total income is also 2.7 lac but have not opted for 44ad in previous year so is tax audit applicable for share market related activites ?

@vpstca Ай бұрын

No tax audit

@JaishreeJ-ny3cy Ай бұрын

Sir, if turnover less than 1 cr and loss should we do tax audit

@vpstca Ай бұрын

No audit

@Ganpatibappa_morya 2 ай бұрын

Sir if business profession me h 1500000 gross t/o and total turnover me sale of immovable property ka amount 5 cr. bhi add krna h kya to check tax audit limit...jo ki 10 cr. H as no cash income is less than 5% Sir limit check krne k liy turnover me business receipts + sale value of immovable property bhi add krte h ya only business receipts

@vpstca 2 ай бұрын

@@Ganpatibappa_morya sales proceeds from transfer of fixed asset is not the part of sales turnover

@Ganpatibappa_morya 2 ай бұрын

@@vpstca sir sale proceeds from building it is not considered while calculating limit of tax audit of 1 cr.