09 September 2019
Assessee had always been eligible for audit until AY 2019-20 wherein his turnover is less than Rupees One Crore and Net Profit is more than 8% of turnover. In order not to break the sequence of audit reporting, Assessee is interested to audit his books of account even for AY 2019-20. Can the CA audit such a case? If so, under which relevant section of the Income Tax Act shall he be eligible for Tax Audit?
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