Audit Books of Accounts of Non-Corporate
Audit Books of Accounts of Non-Corporate
All Business or Professional Entities, other than Companies incorporated under the Companies Act and Limited Liability Partnerships incorporated under Limited Liability Partnership Act are considered to be Non-Corporate entities.
Audit of accounts is compulsory by a Chartered Accountant for the following persons
Tax Payer Compulsory Audit required when
1. A person carrying on Business If total sales, turnover or gross receipts are more than Rs. 1 crore
2. A person carrying on Profession If gross receipts are more than Rs. 50 lakh
3. A person covered under presumptive income scheme section 44AD, If income of the business is lower than the presumptive income calculated as per Section 44AD and the person’s total income is more than the maximum income which is exempt from tax.
4. A person covered under presumptive income scheme section 44AE,If income of the business is lower than the presumptive income calculated as per Section 44AE.
5. A person covered under presumptive income scheme section 44ADA,If income of the profession is lower than the presumptive income calculated as per section 44ADA and the person’s total income is more then the maximum income which is exempt from tax.
Documents Required:
- Tally Data(Tally Data)
- Balance Sheet(Balance Sheet for FY 2022-23)
- Profit and Loss A/c(Profit and Loss A/c For FY 2022-23)
- Bank Statement (Bank Statement For FY 2022-23)
- Others(Others Documents)
Available Services: