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Audit

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(Querist)
17 November 2011 Is there any chance when firm is not get audited and return is filed to income tax
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VISHRUT

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VISHRUT (Expert)
17 November 2011 Yes , when the firm do not have Turnover in excess of Rs. 60 Lacs but it need to pay taxes on profit.
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VANDANA

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VANDANA (Expert)
17 November 2011 Correct you need to pay tax on profit you can not avoid filing of income tax return...

if your turnover not exceed rs. 60 lacs than no worry of audit but income tax return must be filed!!!!!!!!! no way!!
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