Tax Audit upon notice

yes AO has powers to direct to audit under section 142(2a)

Yes... AO can power for the Tax Audit in some of the certain categories...

Submit Your financial Statements with supportive documents which is required by AO...
No need to worry if You have proper documents.

Thx. Can tax audit be asked for upto last 6 A.Y. ? One more question the penalty specified for no tax audit done is separate for each A.Y.? If sum of 0.5 % of turnover exceed 1.5 lacs for all previous cumulative A.Y. is that amount of penalty restricted to 1.5 lacs overall for all such previous A.Y.? Similarily 25,000 for non -maintenace of books is max. or its separate for each previous all A.Y.
(Assuming tax audit cases)