if business turnover is less than 1cr and and also profit of the business is less than 8%
This business is not following any presumptive tax method
it's following normal business
For the above business tax audit is necessary ?
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Tax audit applies or not
Replies (2)
Tax audit is necessary according to me. To know the reason why tax audit is necessary, post your query on Profsindia.com
The business is not following 44 AD taxation
Their turnover is below 1cr
and profit is less than 5%
Here we need to file as normal or treating as tax audit if tax audit means why
Their turnover is below 1cr
and profit is less than 5%
Here we need to file as normal or treating as tax audit if tax audit means why
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