Interest Income more than 1 crore applicale for tax audit

Dhruv Jain (Practicioner) (201 Points)

03 October 2020  

A company has only interest income which is not a nature of business for more than one crore, will it be applicable for Tax Audit?

Also one other company has an investment in partnership which is giving more than one crore of Interest on capital, will it be applicable for Tax Audit?