Tax audit of Management Consultant

Sandeep Yadav (CA Final ) (67 Points)

18 July 2011  


I am pursuing accountancy of a Management Consultant which is full time business for them. The turnover of the said Proprietorship firm is about 25 Lac including the Foreign consultanty of8.00 Lac. Would it come under tax audit. If yes, why? Bcaz I think that is business income. And it would not come under tax audit before crossing the turnover of60.00 Lac.

Plz help to ensure the same and solve the query.

With Regards,

Sandeep Kumar