Tax Audit Limit vs Presumptive Taxation for Professionals

Eswar Reddy S (CFO- at NHTF) (58213 Points)

15 February 2022  

Software consultancy is the main source of income , Turnover is almost 1.5Crores for current FY.

Can we opt for presumptive Taxation ?

Is it mandatory to go for tax audit if we declare 50% profits and pay tax ?