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proprietorship firm Audit
is audit requires my turnover is rs.33204213 till Dec 18.
Replies (3)
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..
Tax audit is compulsory for whose turnover is more than 1 cr in the financial year
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