Tax Audit Applicability Proprietor firm
Kishore Nuthalapati (Accountant for multiple small entities) (171 Points)
10 June 2023we 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