Audit under 44AB
This query is : Resolved
13 June 2021
TO for FY20-21 was below Rs.5 Crores.Cash transaction below 5% of Receipts & Payments. Net profit appx. Rs.5 lakhs. whether Audit is required & file ITR3
13 June 2021
Tax audit not applicable, if during the 5 previous years not opted out of 44AD.
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