https://www.taxtmi.com/forum/issue?id=1015 Tax audit obligation is assessed separately for each presumptive business: an audit is required for any activity where the income claimed is lower than the applicable presumptive amount or shows a loss, and this requirement arises irrespective of the aggregate turnover of all the assessee's businesses. en-us Wed, 04 Feb 2009 14:42:41 +0530 Thu, 23 Jan 2025 15:58:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1015 Tax audit obligation is assessed separately for each presumptive business: an audit is required for any activity where the income claimed is lower than the applicable presumptive amount or shows a loss, and this requirement arises irrespective of the aggregate turnover of all the assessee's businesses. Discussion-Forum Income Tax Wed, 04 Feb 2009 14:42:41 +0530 https://www.taxtmi.com/forum/issue?id=1015