Tax Audit

Can a Partnership firm opting for presumptive Taxation having turnover of around Rs 1.90 cr has to Tax Audit.If he doesn't do Tax Audit what will be the consequences...
Replies (4)
If you opt presumptive taxation scheme, no need to do tax audit.
Yes... I agreed.


If You are opt presumptive taxation scheme (If eligible business) and You ll show the profit 8 percent or above then No need to Tax Audit...
Is property builder is eligible business ??
Originally posted by : Pratik Bajoria
Is property builder is eligible business ??

Yes... He can...

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