Tax audit for assessee filing ITR under 44AD
This query is : Resolved
14 December 2022
Tax audit is applicable if turnover is exceeding 10 crore. However if cash receipts are more than 5% then this limit is 1 crore. Does the same rule apply to a business filing ITR under 44AD and having turnover above 1 crore, in case his cash turnover is more than 5% of total?
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