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Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2014 MY TURNOVER IS 40 LAKH AND NET PROFIT @ 3% i.e. Rs. 1,20,000 means below taxable limit, whether tax audit applicable in my case
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CS Mitesh Mehta

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CS Mitesh Mehta (Expert)
03 December 2014 No

An Assessee is liable to get his Tax Audit done by a Chartered Accountant mandatorily, if in the previous year,the Person is carrying on business and his Total Sales/Turnover exceeds Rs. 1 Crore

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