HI
A businessman having gross turnover of sales Rs 35 lacs as it is necessary to get the books audit bcz limit is Rs 60 lacs as per my knowledge.
Pls reply
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Audit is require
Replies (1)
No, the audit is not required under section 44AB but if the income so declared on presumptive basis is less than 8% and the income exceeds the maximum exemption limit of Rs 160000,190000,240000 as the case may be then tax audit is required.
REGARDS
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