Is Tax Audit applicable for businesses having Turnover of Rs.80 lakhs and Net Profit of Rs. 1.50 lakhs in FY 2016-17 if presumptive taxation is not to be applied, books of accounts are maintained and Tax Audits have been done in all the previous years.
Please reply its Urgent as Due Date is on 7th November
If file u/s 44AA then Tax audit not applicable
No need....
Less than 1cr and also maintained books of Accounts then Tax Audit not Applicable...
BHUPINDER SHAH AND COMPANY
New Delhi
CA Inter
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R P S K & Associates
Nashik
CA Inter
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CAclubindia
