Applicability of tax audit
Querist : Anonymous
In FY 2016-17 our turnover is below 1 crore also Net profit is below 8% pls clarify :- in this scenario whether tax audit will be applicable or not considering the proprietary concern?
Thanks
Mukesh kumar
Querist : Anonymous
Pls let me know the relevant section clause which stated that if if income exceeding not chargeable to tax then no tax audit will be applicable even if NP is below 8%
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