Hi All,
There is one hotel industry-LLP,having turnover less than 1 cr,showing profit of more than 8% in books,but cash receipts and payments are more than 5%
Whether tax audit will be applicable or not?
Thanks
Snehal Padhiyar
CA Snehal Pratik Doshi (CA IN PRACTICE) (17 Points)
12 August 2024Hi All,
There is one hotel industry-LLP,having turnover less than 1 cr,showing profit of more than 8% in books,but cash receipts and payments are more than 5%
Whether tax audit will be applicable or not?
Thanks
Snehal Padhiyar