Tax Audit Applicable or Not if other income is more than the limit
This query is : Resolved
26 September 2023
Govt company has received a grant of Rs.90 Crores which is shown as OTHER INCOME in books. Sales/Turnover is NIL for the company.
Is tax audit applicable?
I am using winman sofware. It does not shows error for tax audit applicablity if other income is more than 10 Crores.
Is tax audit applicable?
I am using winman sofware. It does not shows error for tax audit applicablity if other income is more than 10 Crores.
26 September 2023
Tax audit not applicable.
Tax audit applicable only when turnover exceeds 1 crore.
Tax audit applicable only when turnover exceeds 1 crore.
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