Tax Audit Applicability Proprietor firm

Kishore Nuthalapati (Accountant for multiple small entities)   (171 Points)

10 June 2023  
Hi Sir/Madam

we are looking after Accounts of a proprietor firm who are in to house keeping and securities

For Financial year 2022-23 Turnover is 5.6 crores

all receipts and payments are in non cash mode only like all are done through internet banking

Please advise whether Tax audit can apply or not

Thanks