Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

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?

Answer Posted / rajbeer singh

yes

Is This Answer Correct ?    2 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What doyou mean by assesment order? and for what purpose it will be passed?

2099


If a person purchased goods by paying vat but while selling no vat has been collected and if he is registering his firm under vat need to pay vat after registration?

1596


What is VAT TDS? when it is applied & at what rate?

1727


What is meant by Cost of Improvement?

2053


If we want to do online PT registration it starts from 2007-08. But our firm started 2005-06. What is the procedure? Manually we have to submit the documents. Can any one let me know.

1902


Sir, in CEntral excise we need to pay some amt with interest ex.13815 amt for 66 days how to calcualte this?

2264


What is commercial tax? and what comes under commercial tax? What are the Provisions relating to it?

1983


How can I Return CST Form-I

1688


Is there any criteria for percentage define of TDS rates? and What is the major advantage of introducing DTC and GST by Central Govt?

1962


witch taxes are calculate in CENVAT for Gold ornaments ?

1629


How to reconcilation of modvat

2317


WHAT IS TAXATION?

2337


if i am running a tank lorry and the income of the tank lorry comes under haryana VAT 2003?

1516


Hai iam a VAT Registered dealer am a manufacturer and am going to sell my products to unregistered dealers i can pay d 4% vat.. how can i make my bill format for this sgrc.gy@gmail.com. anybdy kno means pls mail me.

2024


what is the difference between tds tax code and tds tax type in sap fi

1815