Regarding tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 August 2013 Dear sir,If the business having 2o lakhs purchases and turnover is below 60 lakhs.Is it liable to tax audit.If tax audit is not compulsory trp can prepare the return.

18 August 2013 Since the turnover limit is below the tax audit limit, so tax audit will not apply

TRP can prepare the return


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