If the Gross Turnover of a company is 65 Lacs for AY 2013-14; is the Tax Audit required to be done and uploaded to IT site?
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 11 August 2013
Tax audit needs to be done if the gross receipt exceeds Rs. 1 crore for the said Assessment Year 2013-14. Normal statutory audit is required to be done only.
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