Tax Audit Applicable or not
This query is : Resolved
Jignesh Savaliya
(Querist)
16 December 2020
Individual or Partnership Firm has Audited u/s 44AB his books in 2018-19 due to net profit below 8% having turnover 80L. Now in 2019-20 turnover is 90L and profit is below 8 % then Audit is required or not in 2019-20??
CA R SEETHARAMAN
(Expert)
16 December 2020
Tax audit not required for this year.
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