15 January 2021
It is a private limited company. The Total Sales Turnover as on 31-03-21 will arrive as at approximately below 5 croers. Whether even in such a case there will be conducted Tax Audit ?
16 January 2021
No tax audit in such a case if Both the Payment and Receipt in cash does not exceed 5% of the Total Receipts and Payments respectively.
CAclubindia
