Commission Income 194H for Tax Audit Limits

This query is : Resolved

D SRINIVASULU REDDY (Querist)
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30 September 2021 I received Commission Received of Rs. 1,94,65,450/- for the F Y-2020-21. for this case Have to Tax Audit Compulsory or Can File Profit Shown More the 8%. If Showing More then 8% Compulsory Have to Do tax Audit

Please Clarify this Issue Sir

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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30 September 2021 If all (or more than 95% of them) of your payments as well as receipts are under banking/digital mode, then tax audit not applicable. Otherwise tax audit u/s. 44AB(a), is mandatory.