Audit is mandatory or not

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fy 20/21 tournover is 55000 only 2 month sales feb and march

business is net loss 254600

in this case tax audit is mandatory or not
Replies (1)
Business if covered under 44ad, 44ada, 44ae than no need for audit as its below the threshold limit,,,,, but u have to decalre minimum profit 8 percnt of the turnover


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