hello everyone
I want to know that if I get the audit in fy 20-21 because my turnover exceeds rs 2 crore
but if in fy 21-22 if my turn over is less than 2 crore ....so now Can I avoid audit liability or not....?
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Audited related queiry
Replies (3)
If you are a eligible/regular tax payer you are bound to get your accounts audited.
If the conditions u/s 44AB of the income tax act are not fulfilled, then tax audit is not required....just because tax audit was applicable in fy 2020-21it is not necessary that it will be applicable fy 2021-22.
Its better to get audited for future benefit.
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