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TAX AUDIT related
sir my total sales fy 1920 is 1.9 crore and all transcation done through banking channel and profit is below 6%. can its liable for tax audit
Replies (5)
Quick Summary
Yes, as the turnover is below 6% you are liable to get books of accounts audited u/s 44AB.
If the receipts n payments by cash not more than five percent then no need to file TAR
Yes tax audit is compulsory
since turnover is under 2crore and profit below 8%.
per 44AD Tax Audit is required.
1. Which of the following taxes will be levied on imports ?
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