Is tax audit required

Renuka (Accountant) (107 Points)

14 February 2015  

Sir,

Mr. X is a tax/legal practitioner and making tax payment from his own account on behalf of his clients which is more than 25 lakhs in a year, and his income/receipts/fees is less than 8 lakhs in a year, my question is, is he need to do tax audit or not.

(My Sr. Says no and My friends Sr. Says Yes, hence this question is)

Regards

Renu