An Individual has a business turnover of rs 99,00,000 and income is 5 percent on turnover.He maintains his books of accounts.Now Is he liable to tax audit?
1 Replies
Nikhil Sharma
(Government Service)
(539 Points)
Replied 26 April 2018
If he has opted for section 44AD, then yes he has to get the tax audit done as per clause D of section 44AB.
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