Is audit applicable for me?
To check Tax audit is applicable you need to check your turnover, profit
percentage of your turnover, and if you have losses.
You can also use our:
determine tax audit applicability tool.
For more information about Tax Audit Applicability Click Here
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What documents are required for the audit?
A questionnaire in Word format will be emailed to you. You are required to fill it out, sign it, and send it back along with the following documents: Bank account statements (last 12 months) Demat account statements (last 12 months) The auditor will ...
How many months of bank statements are required for audit?
It is mandatory to provide all bank account statements to the auditors during the audit. Typically, statements for the last 6 months (or as specified by the audit team) should be kept ready and up to date.
Is BNPL applicable to all stocks?
This order type is valid only for NSE Cash segment buy side orders and is not available for F&O segment, BSE Cash segment buy side orders and NSE, BSE Cash segment sell side orders. On the IIFL markets app you can check the stocks on which BNPL is ...
Is the clause of Retention of Rs.10000/- still applicable?
The following clause, which was part of the RUNNING ACCOUNT AUTHORIZATION, is now redundant and not applicable. ‘I/we understand and authorize that you will not release the payout in case the balance after necessary retention is up to 10000/- or any ...
How many months of bank statements are required for the audit?
Bank statements are required from the date of the last audit up to the date of the current audit. Ensure all statements within this period are complete and readily available for review.