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Tax audit applicable

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 December 2013 Dear Sir,

My Turnover is 61,00,000 f.y. 2012-13, and profit rs 340000/- it is applicable of Audit or Not, Beacuse Profit is Les then 8%.
Pls sugguest me.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
11 December 2013 Yes , in such a situation tax audit is applicable as the total income exceeds the taxable limit.
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