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Tax audit

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(Querist)
29 September 2012 AY 2011-12, TURNOVER =Rs.100lakhs, Dome Tax Audit

AY 2012-13, TURNOVER =Rs.40lakhs, below limit

Nature of Business- Clearing & Forwarding Agent

Is Tax Audit u/s 44AB mandatory for AY12-13?
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deepali agarwal

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deepali agarwal (Expert)
29 September 2012 If the profit is below 8% of 40 Lacs then liable to tax audit
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