Hi Sir or Madam
A school is registered as educational society
Status under income tax audit as AOP
Turnover for Finanacial year 2022-23 is 47 lacs
Please advise Tax Audit Applicability
Thanks in advance
Tax audit u/s. 44AB(1) IT act, not applicable; but check compliance under society act.
Depends upon the type of activity carried by AOP. In above case it will be Rs.1 Cr.
You are welcome.
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