14 September 2022
If i fill business normal return upto 5 lac then no tax levied. but what if my turnover is 10 lac and choose to do audit so my tax payable is nil now ? is this benefit of audit ? because if i doesn't do audit then much more tax i have to pay because turnover is 10 lacs. I am a fresher and do not have much idea about auditing.
15 September 2022
For 10 lacs turnover audit not applicable file ITR without audit no tax payable. Audit required only in case of turnover more than 1 crore.
CAclubindia
