Hi,
Facts :
1. Individual Proprietorship.
2. FY 2019-20 : Turnover - 1.2 Cr.
3. FY 2018-19 : Turnover < 1 Cr. ( Not opted for Presumptive taxation u/s 44AD).
4. Provisional Profit for FY 2019-20 : 2 Lakhs.
Query : Whether Tax Audit is applicable?
Thanks
Hi
Its a business
Hi
We can claim the benefit of 5 crores limit as the cash transactions are less than 5%.
Please guide.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
