An aquaculture business had 1.95cr turnover during the financial year 2019-20. And profitability ratio is below 5%. Does it requires tax audit?
TAMILSELVI.M (practising chartered accountant) (77 Points)
29 December 2020An aquaculture business had 1.95cr turnover during the financial year 2019-20. And profitability ratio is below 5%. Does it requires tax audit?
Harsh Arora
(CA Finalist )
(1161 Points)
Replied 29 December 2020
ayusmita
(Tax consultant)
(5885 Points)
Replied 29 December 2020
CAclubindia
