Tax audit

Thanks Suraj.....!!!!

It is not possible to pay penalty for my client.

Whether it is better to choose presumptive basis to save the penalty and get refund of tax???

Do u know anybody, who can do it in low fee???

Tax auit will be applicable if the turnover is above 25 lakhs for professionals and if turnover is above 1cr

Tax audit will also apply if the firm has incurred losses and income from other sources is above taxable limit ie above 250000

Tax audit will also apply if profit % is below 8%

It can also file retun u/s 44AD to prevent penalty u/s 271B.