Applicability of tax audit


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Querist : Anonymous

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Querist : Anonymous (Querist)
29 August 2017 Dear Experts,
In FY 2016-17 my turnover is 34 Lacs Net profit 177489 @ 5.22%

Pls clarify :- since the income is not chargable to tax I.e. below 2.5 Lacs whether in case tax audit is required or not,

Regds
Ankit jain

29 August 2017 audit is not applicable in this case...

RAJA P M (Expert)
29 August 2017 Yes. I agreed to Mr Nikhil Kaushik Sir. Not applicable tax audit...

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 August 2017 Sir. If audit is not applicable while filings the return whether Non audited balance Sheet & profit & loss a/c will be submitted


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