Turnover value is between 1 crore to 10 crores but cash transactions below 5% of the turnover
This query is : Resolved
10 October 2023
Where ,the gross turnover of assessee exceeds once crore but not exceed 10 crores. The total turnover and other receipts all were processed through bank account. Inadvertently while filling the details in the ITR the clerk had noted “no” instead of “yes” in part “a2ii” & “a2iii”.
10 October 2023
Cash expenses should also less than 5%.
In such a case tax audit not applicable.
File revised return with correction.
In such a case tax audit not applicable.
File revised return with correction.
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