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Tax audit applies or not

Others 322 views 2 replies
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 ?
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


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