Tax audit


This query is : Resolved 

(Querist)
09 May 2014 Dear Experts, i want to know the provisons of Tax audit. if an assese is laible for tax audit in Fy in which its turnover was 1 crore bt if its turnover in next FY reduces from 1 crore, will he b laible for tax audit for the next FY

Anand (Expert)
09 May 2014 No tax audit in that case

Anand (Expert)
09 May 2014 For the year in Which turnover is less than 1 cr provided net profit is 8% or more .... (With 3 exception )


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