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Tax audit

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(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
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Anand

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

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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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