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Regarding tax audit

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(Querist)
13 September 2018 Where there is Turnover is Less than of Rs. 1 Crore and Profit is More than 8 % of turnover and Banks will demand Tax Audit report then what to do???
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
13 September 2018 Bank can Not demand Tax Audit Report, you can inform you are not comes under purview of Tax audit.

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