Share This Thread
  1. Durgesh Bansal

    Durgesh Bansal New Member

    SIR/ MAM
    I am individual assess.
    My turnover is 23 lakhs. my net profit is 205000 from my business.
    So approximately my profit is more than 8%.

    Am i required to go for audit or else i can file income tax return my self .

    Please let me know .

  2. jagmohan singh

    jagmohan singh New Member

    There is no need of an audit as the N.P. is more than 8%. Go ahead and file the ITR.
    Durgesh Bansal likes this.
  3. Neha Sharma

    Neha Sharma Active Member

    Dear Durgesh

    You are not required to get your Audit done and you can file your Return yourself
    Durgesh Bansal likes this.
  4. Durgesh Bansal

    Durgesh Bansal New Member

    Thanks to Neha and Jagmohan.
    shall i file it in ITR 4 or ITR4S??
  5. Karan Batra

    Karan Batra Well-Known Member

    If you intent to opt for presumptive taxation - then use ITR 4S else use ITR 4
Draft saved Draft deleted
Similar Threads Forum Date
Applicability for audit u/s 44AD Income Tax Saturday at 12:44 PM
Audit of a Partnership Firm Income Tax May 11, 2017
I think we do not require to do tax audit but our CA did it and charged us a hefty fee for it. Income Tax Apr 10, 2017
F&O Audit Income Tax Mar 29, 2017
Company Audit by Chartered Accountant Income Tax Mar 16, 2017