Sir I have earlier also requested to make a detail video on Tax Audit. Please consider before tax audit season. Please Please Please. This is my 56 times please I am telling you

@skillvivekawasthi

4 ай бұрын

Sir i will definitely try

thank you so much for this great class

40 ADA- WHAT IF not opted for 44ADA EARLIER AND WANT TO SHOW LESS THAN 50% PROFIT THIS YEAR. WHETEHR TAX AUDIT APPLICABLE

@unil7731

Ай бұрын

applicable

In case of loss from business or profession what would be the turnover limit for tax audit? TIA

MY PARTNERSHIP FIRM STARTED IN LAST YEAR, LAST YEAR LOSS SHOW IN ITR, THIS YEAR PROFIT LESS THAN 8% OF TURNOVER, SO I HAVE AUDIT COMPULSORY OR NOT ? TURN OVER - 2,15,00,000 (PAYMENTS AND RECIEPTS ARE LESS THAN 5% IN CASH)

Sir Ji Mene FY 22-23 44AD me ITR file kiya tha or udin generate ni kiya But abhi home Lona ke liye apply kiya to bank wale udin ke bina Lona ni de rhe h to Ab Kya kre?? Please Reply

I have never opted 44AAd so can i show profit less than 6% without tax audit

good information ✌🙏

So if my gross receipts are 20 lakhs and i want to show profit (income) as 2 lakhs ... Audit would not be mandatory?

@skillvivekawasthi

4 ай бұрын

Already explain in video

BHAI JI HOLI MUBARAK

Sir suppose kisi ne 44AD opt-out kar liya our our kisi six year me se konse ek year me aagar profit 8% se jyada dikhate he to vo phire se 44AD opt kar sakta hai?

Nice video bhaiya

Guru ji namaste ❤😊

Hello sir ..Please Make video for tax audit in case of services sector..like Advertising...

Sir very useful but I have one doubt pls reply....here Total income means income from business or profession only or from all heads like salary, HP, CG , other sources, business ?

Please Upload video for Gstr 3B settlement last March 3B pending ITC And Tax liability

My client turnover is 65 lacs and NP is > 8% So not tax audit is required na?

Sir, meri ek query hain ki, mene last time apni ITR-3 me 44ADA opt kiya tha and Mera is baar FnO me loss hain.. To kya mein is baar apni ITR-3 me FnO ka loss report kar sakta hu ? With the opting section 44ADA ? Please reply to my query sir..

TURNOVER GST KE SATH NIKALE YA BINA GST

LLP company h 1.5 cr turnover h...or abhi startup h... tax audit applicable hoga ya nahi

44ADA IS NOT MANDATOR but optional so I feel if you maintain books then you can show a profit of less than 50% if turnover is below the threshold limit of 44AB. pLS CONFIRM

@vivekbamrara2675

Ай бұрын

@@NeetaDharamshi-y7w same question plz reply

Sir GST Registration me supplier ka legal name and trade name different Hai GSTR 2A/2B me supplier ka konsa name reflect Hoga trade name or legal name?

@deepakpatel4083

4 ай бұрын

Trade name hi reflect hoga Aur samne wali party proprietorship hogi isliye legal name and trade name me difference to hoga hi

44ad mein 24.25 ki itr bhrte gai ab next a.y. 25.26 mein Audit Kara liye nhi honskata 5 years tak nhi nikl skate

Sir Trade Name Change Hone Ke Baad Biil Book Bhe Change Hogi

Turnover means including GST or excluding GST

@naveenparsa9865

4 ай бұрын

Excluding Gst

@jayeshkalyanjikarani2861

4 ай бұрын

@@naveenparsa9865 Thanks for the reply

Sir,My turnover may cross 2 Cr..But my business Received only Digital receipts..No cash receipt..But cash withdrawal from current and savings account..I want to appear for New limit ..Then shall I file ..6 percent ..and 8 percent please clarify

@r.pragnya4325

21 күн бұрын

@@braininsights6101 Sir. You shall report income under 8% but tax audit will be applicable for you.

STCG ke case me bhi turnover crore me ho to kya audit hota hai.

@skillvivekawasthi

4 ай бұрын

No

Ek aur case sir agar koi man lo ay 21-22 me 44ad me itr file karta hai aur agar ay 22-23 me 44ad se opt-out hokar 6/8% se kam profit hone par tax audit bhi kara leta hai. To ay 23-24 me vo fir se 6% se jyada profit dikhana chahta hai to itr 4 file kar sakta hai ya normal itr 3 hi file karna hoga

@naveenparsa9865

4 ай бұрын

Once you opt out 44AD you cant filed return under 44 AD upto 5 FY (upcoming). So in your case you can file ITR 3 only ..total income exceed badoc excemption limit you need to get audit your books of accounts

@deepakpatel4083

4 ай бұрын

@@naveenparsa9865 ji lekin Maine kai tax practitioner ko 1st year 44ad 2nd year normal provision because of tax audit then 3rd year fir se 44ad me itr file karte dekha hai to kya aap bata sakte hai ki isse kya paresani aa sakti hai aur kya aapko pata hai ki generally practice me log rules ko follow bhi karte hai ya nahi

@naveenparsa9865

4 ай бұрын

@@deepakpatel4083 as per income tax act once you opted out 44AD you can not file under 44AD upto 5 years. And if you filed department may issue notice in future . And penalise 0.5% of tornover or 150000 WEL.. if suppose that year your Total GTI more than BE limit

@deepakpatel4083

4 ай бұрын

@@naveenparsa9865 ye kuchh points likh raha hu please agar koi point galat ho to bata dena- 1. 1st year se 44ad me itr file karo hamesha 6/8 percentage se jyada income dikha kar tax audit nahi karna 2 . 1st year se normal provision me itr file karo chahe profit 6/8% se kam dikhao fir v tax audit nahi lagega 3. 1st 44ad me itr file kiya, 2nd year turnover jyada hone par tax audit kara liye 3rd year se fir se turnover 1cr se kam hone par normal provision me hi 6/8 % se jyada profit dikha kar next 5 year tak ITR file kro ya fir kam profit dikhana ho to income basic exemption limit se kam rakho Please ek last bar confirm kar dijiye

In the first year my book audited. Can a 3 year audit is compulsory

@naveenparsa9865

4 ай бұрын

No such kind of provision ..you can audit your books of account whenever your tornover exceeds 1cr( other than 44AD) 2022-23. Tornover exceed 1cr you need to get audit 2023-24. Tornover less than 1 cr no need of audit

@kartiksen4624

4 ай бұрын

@@naveenparsa9865 current year my tourover not be exceed 1cr . But last year mera account ka audit hua tha kisi ne mera ko bataya tha ki 3 year audit Compulsory hai ..

Sir agar koi banda 1st year se hi 44ad opt n karke normal itr 3 file kar raha hai aur agar profit 6% se kam dikha Raha hai ex turnover 80 lack profit 4 lack(below 6%) to kya tax audit mandatory hai please sir yes or no me reply de dijiye bs

@naveenparsa9865

4 ай бұрын

Here tornover is not exceeding 1 cr so no need of tax audit. suppose if you filed under 44AD in previous year and CY if you filed under normal return and if your total income exceed basic excemption limit then Tax audit is mandatory. Ex: previous filed under 44AD CY under normal return and total income exceed Badic excemption limit then tax audit mandatory

@deepakpatel4083

4 ай бұрын

@@naveenparsa9865 thanks ek aur question puchha hai maine comment me us case me bhi kya ho sakta hai bata dijiye

Sir ye chart konse aap mai banate ho aap

@skillvivekawasthi

4 ай бұрын

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