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Income tax audit
maximum turnover limit which is not applicable for income tax audit for F.Y 2019-20?
Replies (4)
Quick Summary
If u didnt opt for 44 ad , then upto 5 crore , no audit is reqd
Assese haveturnover less than 2 cr and net profit less than 8% still why he is in audit?
Whether the assesee has opted for presumptive taxation? if yes, then deemed profits will be inapplicable as profit less than 8 percent and audit will be reqd.
No always filed under 44 ab
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