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Tax audit applicable or not

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 July 2012 Purchase of the firm is Rs. 90,00,000 but the sales is only Rs 24,00,000 then whether Tax audit is applicable or not?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
31 July 2012 No tax audit not applicable as the turnover is below the exemption limit. Purchase is not considered.
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CA Lokesh Pokharna

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CA Lokesh Pokharna (Expert)
31 July 2012 agree with sanjay sir.......
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