pls clarify on this. Assesse is a doctor. runs a multi speciality clinic. His professional Receipts is more than Rs. 15.00 lakhs for AY12-13. ITR & financial is prepared in doctor's individual name & not in the name of clinic. compulsory tax audit is not done even though Receipts exceeds Rs. 15.00 lakhs. his auditor claims that since financial is prepared in individual name tax audit is not required, if financial would have been prepared in the name of clinic compulsory audit would be applicable.
Pls confirm this justification is correct or not.
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