Applicability of tax audit for FY 2020-21

Chirag Agarwal (7 Points)

29 April 2020  
If a company having turnover less than 1 cr but having cash receipt or cash payment more than 5% is company liable to gets their books of account audited under income tax act.

what if assessee is individual and turnover is less than 2 cr and delclared 6% or 8% and having cash receipt or cash payment more than 5%.