Web13 Jul 2024 · If the following condition is satisfied, a compulsory audit is required only if total sales, turnover or gross receipts in business exceeds Rs.5 crore (A.Y. 2024-21) Rs.10 crore (for A.Y. 2024-22 & A.Y.2024-23 onward) The aggregate of all receipts/payments in cash during the previous year does not exceed 5% of such payment. Note: Web22 Dec 2024 · GST Audit is a verifying exercise conducted by an independent professional to ensure that total provisions of GST law have had consistent with. Come is Audit for GST Audit.
New ITR Forms for FY 2024-23 (AY 2024-24): Everything you need …
Web30 Aug 2024 · Under the Income Tax Act, any proprietor below the age of 60 years must file his Income Tax Return of his income if his total income for the year exceeds Rs 2.5 lakhs. … Web7 Jan 2024 · Applicability of tax audit under section 44AB depends upon gross receipts, sales, or turnover of an assessee, so the first and foremost thing is their calculations.. … tricare health net federal services number
Statutory Audit Private Limited Company Partnership
Web13 Apr 2024 · ITR 4 is applicable to individuals, HUFs, and firms (excluding LLPs) who are residents with a total income of up to Rs. 50 lakh and have income from business and profession computed under sections 44AD, 44ADA, … Web10 Apr 2024 · GSTR-9 is an Annual return required to be filed by every person whose aggregate turnover exceeds INR 2 Crores during the year. Late filing of GSTR-9 attracts a late fee of INR 400 per day (CGST 200 & SGST 200) … WebKnow Revise Income Tax Audit Limits for FY 2024-22 AY 2024-23. Under section 44AB of the Act, every person carrying on business is required to get his accounts audited, if his total sales, turnover or gross receipts, in business exceed or exceeds one crore rupees in any previous year. In case of a person carrying on profession he is required to ... tricare healthnet login portal