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Tax Audit

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(Querist)
02 March 2009 Can any one please tell me , that if the turnover in the subsequent year is less than 40 lakhs , even then tax audit is required or not?
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
02 March 2009 No.
Assessee will not be liable to tax audit.
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CA LOKESH KASAT, FCA, M.Com

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CA LOKESH KASAT, FCA, M.Com (Expert)
02 March 2009 No, fot that year
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CA.Tarun Maheshwari

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CA.Tarun Maheshwari (Expert)
02 March 2009 No. Each assessment year is a separate assessment year.

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