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Applicability of tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 April 2017 Dear Experts, in AY 2017-18 my proprietary concern's turnover is 2777812 and Net profit is 102312 which is below the 8% pls tell me since the net profit is below the 250000 so in this scenario weather tax audit u/s 44AB will be applicable or not, Thanks Varun
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 April 2017 Tax audit not applicable if you don't have any other income.

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