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Tax audit for turn over of 22 lakhs


My propritor ship GST firm has turnover of 22 lakhs during FY 2020 - 2021.and net profit is 1%• is Tax audit applicable in this case? Please reply?

44AD/44ADA: Not required because taxable income does not exceed basic exemption limit.
Normal (no 44AD/44ADA): Not required as the turnover threshold limit has not crossed.

But net profit is 1%

Yes, I read that.
As I understand, no tax audit is applicable

No Tax Audit is not applicable because your turnover from the eligible business in less than the limit required u/s 44AB.

Which ITR I NEED TO FILE ? Please clarify?



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