The tax audit limit has been increased to Rs 10 crore if the taxpayer's cash receipts are limited to 5% of the gross receipts or turnover, and if the taxpayer's cash payments are limited to 5% of the aggregate payments. What are your views on this?
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 16 April 2021
It has both good and least aspects. Authority is moving towards digitalized economy. In my opinion it is good
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