Tax audit report requrid

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Assistant
362 Points Posted on 24 August 2021
Dear Sir

Can we need to do tax audit from CA annual turnover 2020-21 is Rs. 44 Lacs gross profit 8% and net profit 6.81%
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On 24 August 2021 at 21:59 Report
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Quick Summary
This discussion clarifies whether a tax audit is required for a business with an annual turnover of Rs 44 Lakhs for the 2020-21 financial year. Based on the provided information, a tax audit is not statutorily required as the turnover limit has not been exceeded.

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Student CA CPT
4 Points Posted on 24 August 2021
Not Required
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On 24 August 2021 at 22:35
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Chartered Accountant
533 Points Posted on 25 August 2021
No statutory requirement if its only 44 lakhs turnover
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On 25 August 2021 at 01:10
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Chartered Accountant
24588 Points Posted on 25 August 2021
No tax audit is not required
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On 25 August 2021 at 06:12
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PRACTICE
164 Points Posted on 25 August 2021
Limit not exceeded so it is not required
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On 25 August 2021 at 08:03

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