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Tax audit applicability_FY 2324

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(Querist)
26 July 2024 Dear Experts,

For commission income (business income) of Rs 4,50,000/- , there is business expenditure of around 2.5 lakhs . Hence net business income is around 2L.

Also the total taxable income is 2.90 lakhs under new regime. Will there be any tax audit applicability here in terms of profit % or any other clause?

Please advice

Regards,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 July 2024 Tax audit not applicable in this case.
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Dipen

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Dipen (Querist)
26 July 2024 Thanks!

Also liable to maintain books of accounts u/s 44AA?
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