Audit Req. under income tax

Business turnover 90 lac

profit less than 4%

in above case audit is mandatory or not.



it is individual assessee.
Replies (2)
Quick Summary
This discussion clarifies whether a tax audit is mandatory for an individual assessee with a business turnover of 90 lac and a profit less than 4%. While a tax audit may not be applicable in this specific scenario, filing an Income Tax Return (ITR) is still required under Section 44AA of the Income Tax Act.

Yes, Audit is mandatory
No... Tax audit not applicable.

But, ITR filing required u/s 44AA.

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