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Cash transactions less than 5%

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(Querist)
15 September 2022 Cash transactions are less than 5% on both receipts and payments. Profit on sales comes to less than 6%. Whereas, turnover is 6 crores. Whether, it can go for direct filing without tax audit without any future problems.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
15 September 2022 Yes, go for direct filing without tax audit without any future problems.

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