Tax audit or presumptive return

This discussion explores the choice between a tax audit and a presumptive return for businesses. If your turnover is below a certain threshold (around 90 lakhs to 1 crore), you might be eligible for a presumptive return. However, if your turnover is closer to or exceeds 1 crore, a tax audit is generally recommended. The conversation also touches on considering cash transactions when calculating overall turnover.