This discussion addresses whether a management consultancy business with a turnover of Rs 1,700,000 and claiming losses needs to undergo a tax audit. The key question is whether the consultancy's income is classified as business income and if it exceeds the relevant tax audit threshold. Advice is sought on the applicability of tax audit in this specific scenario.
i am doing management consultancy business and in financial i am claiming loss and also my turnover not cross tax audit threshold limit please suggest tax audit applicable or not.