Audit Applicable

Please clarify if my turnover is less than 1 crore and my profit is less than 8% then do I have to get my accounts audited and I am not opting presumptive taxation
Replies (2)
Quick Summary
This discussion clarifies whether an audit is required for businesses with a turnover under 1 crore and a profit margin below 8%, provided they are not opting for presumptive taxation. The consensus is that under these specific conditions, an audit is not applicable.

No, audit is not applicable.

No audit is not applicable

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