Tax Audit is applicable if the gross receipts or turnover exceeds 100 Lacs..However there are some exceptions
For the current financial year your entire business will be liable for audit u/s 44 AB, however you had given the gross figure and there are some exemptions from the same..
T R SOOD & CO
New Delhi
CA Inter
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
