Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Tax Audit applicability_Profit less than 8%/6%

This query is : Resolved 

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?


14 May 2022 Yes, both condition should be satisfied.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries


Unanswered Queries

Follow taxation Exam20 Book Book

Answer Query