Audit or not
This query is : Resolved
20 January 2016
if my client is HUF he is run hospital t/o is 20lakh and canteen service provide 25lakh my client firm is audited or not with reason plz provide answer
20 January 2016
Total turnover is less than 1 crore hence tax audit not applicable.
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21 January 2016
As per sec 44AB applicable if gross turnover exceed Rs 1 crore you have to get audit your books of account. But in your case it is less than 1 crore. You are not coming under preview of tax audit.
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