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29 April 2021 Respected Sir,

Please let me know what is the tax audit limit for the year ending March 21 ? I have heard that the tax audit limit for the year ending March 21 is Rs 5 Crores but there are certain conditions also on this issue. What are those conditions to be qualified by the assessee.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 April 2021 The condition is that cash receipts and cash payments during the year do not exceed 5% of the total receipts/payments.
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