if a person's bank transactions in savings bank account is about 2cr , can he will audited his account or not?
if his income from business (sale /purchase of property) below exempt limit?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195496 Points)
Replied 15 July 2024
What is the percentage of cash transaction in the business?
If no cash transactions, no tax audit applicable.
sabyasachi mukherjee
(27837 Points)
Replied 16 July 2024
Keep a parity with itr filed. Remittance by anyone is not taxable
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