Dear Experts,
I have query regarding applicability of tax audit
Query1
--One of my client(proprietor) having salary income of Rs 7 lakhs and having a business with loss of Rs 10 lakhs and turnover 85 lakhs...
Whether Tax audit is applicable in this case?
Query 2
--Another client (proprietor) does not have salary income only having business with loss of 4 lakh and turnover 92.5 lakhs..
Whether Tax audit is applicable in this case?
P. S both of them are maintaining proper books and records for accounting purposes
Thank you
CAclubindia
