Is Tax audit necessary for telecom service distributore FY - 2020-21

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auditor perumal (Querist)
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07 September 2021 i am having a agency and doing telecome related services like recharge in which the turnover amounts to 1,40,00,000 approx but cannot pay 8% if filed u/s 44AD for the turnover and so is tax audit necessary in this case to show a less profit or what are the other possibilities available for me.

please give reference for the basis of your answer thanks.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 September 2021 In case of agency business the commission you received is the turnover.
Tax audit not applicable in your case as the commission received will be less than 1 crore.

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