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Tax audit report

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Assistant
362 Points Posted on 27 September 2020
Sir

My annual sale is Rs. 6700000/-and net profit 8% so can I need to do tax audit please advise
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On 27 September 2020 at 17:20 Report
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Tax and Business Consultant
11616 Points Posted on 27 September 2020
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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On 27 September 2020 at 19:00


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