Tax audit
This query is : Resolved
Amandeep Singh
(Querist)
08 September 2017
Dear Sir
My Annual Sale is 25.40 lac and i got 6.30 Lac profit
so can i need to do tax audit
Please guide
My Annual Sale is 25.40 lac and i got 6.30 Lac profit
so can i need to do tax audit
Please guide
POOJA SHARMA
(Expert)
08 September 2017
in case of business the limit is 1 cr so it doesnt apply to you
Ashiwini Ballodia
(Expert)
08 September 2017
Agree with Pooja JI as in your case profit is shown as more than 8% of turnover & you turnover is less than Rs.1 Crore, so tax audit is not applicable in you case
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