15 September 2015
1)Mr. X has a turnover if Rs. 45 lacs in Financial year 14-15.
2) Has filed itr 4 on 31st July 2015
3) profit shown is below 8%
4) Profit n loss and Balance Sheet is shown in income tax return.
Whether Tax audit is mandatory?
Please guide.
Thank you
Regards,
Devendra Kulkarni
CAclubindia
