my business is jio currency distribution.... my turnover is 6500000 ... i have got Commission of Rs 1.3 lakhs for this business .... now you only suggest i should just file IT or should have get audited
if the jio currency is lost in some manner. Then the loss will be brone by you? If you bear the loss then your turnover will be 65Lacs still below 1cr. No need for tax audit.
CAclubindia
