I am conducting tax audit from past 15 years for my business but in FY 2019-2020 my turnover went down below 1 cr...now I don't want to continue the tax audit as I am expecting that my turnover will be decreasing in the coming years....is my thinking ok...what can be done? I m showing net profit above 8%
Can my case go in scrutiny if I discontinue tax audit??
CAclubindia
