Company not to opt sec 44AD, but how we treat in these below cases: (P.Y 2018-19) (a) if company has 80 lacs turnover and co. declares 5% net profit then in such case tax audit is mandatory or not? (b) if company has 1.2 crore turnover and co. declares 9% net profit then in such case tax audit is mandatory or not?
CAclubindia
