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Tax audit report

Surinder (Assistant)     27 September 2020

 2 likes  137 points

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My annual sale is Rs. 6700000/-and net profit 8% so can I need to do tax audit please advise


Sagar Patel (Tax and Business Consultant)     27 September 2020

Sagar Patel
Tax and Business Consultant 
 996 likes  11146 points

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No, Tax audit not applicable.
If you are a individual, HUF or Partnership firm and doing eligible business than you can declare your income under Presumptive Taxation u/s 44AD in form ITR 4.

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