TAX AUDIT
This query is : Resolved
VIPIN GUPTA
(Querist)
04 January 2021
In the A/y 2017-18 We have filed the Return U/s 44 AD and in F/y 2018-19 we have been audited U/s 44AB (a) in the current A/y 2020-21 out turnover is 46 lacs can be file the return by just filing the balance sheet and profit and loss account and declaring profit @ 10%. uder normal provisions. Or Audit is Compulsory
CA R SEETHARAMAN
(Expert)
04 January 2021
Yes, you can do so audit is not compulsory.
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