Itr 4s

This query is : Resolved 

21 March 2014 kindly refer the below case and advice is audit required. If any business man filed ITR 4S under section 44AD and showing details i.e. turnover rs. 65 lacks, net profit rs 2.34 lacks and total income is rs 1.99 lacks.

21 March 2014 since turnover is less then 1 crore for business then no tax audit is applicable...


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