Tax audit applicable?


This query is : Resolved 

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This discussion clarifies whether a tax audit is applicable based on turnover and profit figures for FY 20-21. It explains that an audit may be applicable if you are an eligible assessee under Section 44AD. Conversely, if you haven't opted for or don't qualify for Section 44AD, the audit might not be applicable.

26 September 2021 my turnover FY-20-21 1.27cr & my profit 3.50 lac. and all transaction banking Chanel . so suggest me audit applicable ?

26 September 2021 Yes it is applicable if you are an eligible assessee having eligible business under Sec 44AD

01 October 2021 Not applicable if you have not opted for (or if you don't opt for) 44ad.


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