Profit criteria non audit case
Kollipara Sundaraiah (B.com) (3003 Points)
22 March 2021
profit criteria in case turnover is 5 crores and tax audit is not required.
3 Replies
Naveen
(student)
(334 Points)
Replied 22 March 2021
Please give additional information. It Depends on whether it is company, Firm or individual.. U will only get exemption from 5 crores tax audit if ur cash transactions are less than 5% of total cash transactions. For better understanding, plse provide details
LAXMIDHAR SAHOO
(ARTICLES)
(190 Points)
Replied 22 March 2021
There is no limit of profit criteria. please clearly mention your questions.
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