24 August 2020
For AY 2020-21 Assessee: Individual Source: Income from Business Turnover: Between 1cr to 2cr (Having cash payments exceeding 5% of total payments, however cash receipts are less than 5% of total receipts) Profit declared > 8% (Not opted for presumptive taxation u/s 44AD) Whether the assessee is liable for tax audit u/s 44AB?
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