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Aduit or normal IT file
My turnover is 70 lakhs i am a mobile currency distributor some Tax practioners are saying i can Just File IT and audit is not required but Some are saying audit is required i am not getting what to do can anybody please suggest me correctly
Replies (2)
hi
Tax audit is applicable only in case your turnover is equal or exceeds ₹1cr
Tax audit is applicable only in case your turnover is equal or exceeds ₹1cr
tax audit is applicable only if your turnover exceeds 1cr. or if you have net profit LESS THAN 8%.
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