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Tax Audit applicability_Profit less than 8%/6%

This query is : Resolved 
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(Querist)
14 May 2022 Hi,

If net profit is less than 8%/6% (as the case may be) of turnover , then tax audit is applicable. (Turnover limit of Rs 2 cr).

However is there any condition that tax audit is applicable when profit is less than 8%/6% and when net income crosses basic exemption limit , else not? i.e both conditions to be satisfied?

Regards,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 May 2022 Yes, both condition should be satisfied.
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