fy 20/21 tournover is 55000 only 2 month sales feb and march
business is net loss 254600
in this case tax audit is mandatory or not
1 Replies
ajeet singh
(1392 Points)
Replied 22 November 2021
Business if covered under 44ad, 44ada, 44ae than no need for audit as its below the threshold limit,,,,, but u have to decalre minimum profit 8 percnt of the turnover
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