Audit applicable or not
This query is : Resolved
07 February 2017
dear sir
i want to know if sales during period 16-17 is 90 lac.then audit should be applicable or not as per current audit limit ?
07 February 2017
Tax audit not applicable considering the turnover. Tax audit applicable if you declare less than 8% taxable income on the turnover and declare taxable income more than basic exemption limit.
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