Threshold for audit on income

Tax planning 482 views 3 replies

I have a rental income of 22 lacs per year. After deducting municipal tax, standard deduction 30% and interest on loan, my income comes to Rs.14 lacs including some interest income on investments.. Am I liable to audit my accounts or can I file returns without auditing? 

Replies (3)
According to me no tax audit is required

not required 

Not required Sir...........


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