TAX AUDIT 1.5 CR, NEVER OPTED FOR PRESUMPTIVE
This query is : Resolved
07 January 2021
TAX AUDIT FOR PROPRIETORY CONCERN TRADER HAVING SALES OF 1.5 CR,
NEVER OPTED FOR PRESUMPTIVE IN PAST
NO CASH TRANSACTIONS
PROFIT 7% OF TURNOVER.
TAX AUDIT APPLICABLE FOR ASST.2021?
I FEEL NO, BECAUSE PROFIT IS MORE THAN 6%.
CORRECT?
NEVER OPTED FOR PRESUMPTIVE IN PAST
NO CASH TRANSACTIONS
PROFIT 7% OF TURNOVER.
TAX AUDIT APPLICABLE FOR ASST.2021?
I FEEL NO, BECAUSE PROFIT IS MORE THAN 6%.
CORRECT?
25 September 2021
Yes. You are Correct...
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