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Income tax audit applicability

09 August 2021

my clint turnover is less then 1 lac because of covid and his business is in loss, Tax audit is applicable in this case or not

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4 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 09 August 2021

Tax audit is not applicable because the turnover is within the threshold limit.

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CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 09 August 2021

No Tax audit is not applicable

ki Su Son (4 Points)
Replied 14 August 2021

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