Audit Applicability

156 views 2 replies

344 Points Joined July 2017

Hello Experts, Is Audit Applicable if my client Turnover is less than 1 Crore and profitis less than 6%. please suggest

Replies (2)

42 Points Joined August 2018

Audit is not applicable, but you have to maintain proper books of accounts as per 44aa.

Others

24 Points Joined January 2013

If the income is crossing the basic exemption limit and it is less than 6% of turnover. Then audit is applicable.. otherwise it is not applicable..

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