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Tax audit

This query is : Resolved 
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(Querist)
23 July 2019 Hello Everyone..
FOR A PROPRIETORSHIP FIRM, WE HAVE FILED ITR ON 30 SEPT WITH TAX AUDIT REPORT FOR FY 17-18 AS TURNOVER FOR PY WAS MORE THAN 1 CR.
BUT NOW IN FY 18-19, TURNOVER IS LESS THAN 1 CRORE..SO WHETHER AUDIT REPORT IS REQUIRED OR NOT AND DUE DATE FOR FILING ITR WILL BE 31ST JULY, 2019??
Please explain with example
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 July 2019 If you are doing an 'eligible business' as defined in section 44AD and the income
offered is less than 8% OR 6 % , as the case may be, of the turnover, tax audit is
required in FY 2018-19.
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Aastha

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Aastha (Querist)
23 July 2019 thank you sir..for the reply
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