Regarding Applicability of Tax Audit
This query is : Resolved
Quick Summary
12 August 2021
Sir,
If the Total Turnover or Gross Receipts of an Individual having business income more than 1 Crores and Less than or equal to 2 Crores but the Profit are lower than 8% or 6%. Is Tax Audit applicable or not?
If the Total Turnover or Gross Receipts of an Individual having business income more than 1 Crores and Less than or equal to 2 Crores but the Profit are lower than 8% or 6%. Is Tax Audit applicable or not?
CA Puja Sharma
(Expert)
12 August 2021
Yes, Tax audit will be applicable.
27 September 2021
Whether sec. 44AD(4) attracted?
21 October 2021
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