tax audit applicability

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....ax audit applicability<br> Query (Issue) Started By: - Madhavan iyengar Dated:- 26-2-2020 Last Reply Date:- 26-6-2020 Income Tax<br>Got 1 Reply<br>Income Tax<br>A Company whose turnover is &#8377; 4 c....

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....rores in fy 2019-20 and has more than 95% of its transactions in sales and purchases in electronic mode in aforesaid case will tax audit not be applicable to the company as per the proposed amendment ....

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....made in finance act 2020 wherein the limit specified in said cases ie more than 95% of transaction in sales and purchases thru electronic mode is upto &#8377; 5 crores. ( proposed amendment will beEff....

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....ective from 01/04/2020 ie AY 2020-21) Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Whether it is just for information or absence of query?<br> Discussion Forum - Knowledge Sharing ....