TAX AUDIT APPICABILITY

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....AX AUDIT APPICABILITY<br> Query (Issue) Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 2-1-2021 Last Reply Date:- 3-3-2021 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Professionals, Please gui....

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....de me if Tax audit is applicable in the below case: Nature of the Company - Business (traders) and Turnover is 79lac during the year 2019-20. They are eligible assessee u/s/ 44AD. Upto the FY 2018-19....

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...., the assessee was covered under tax audit and it has been duly filed. However, during 2019-20, since the turnover is less than 2cr the assessee can avail 44AD but the assessee wants to show less than....

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.... 8% profit. Is tax audit applicable if less than 8% profit is declared? (6% profit declaration is not applicable to this assessee) Thank you in advance Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply:....

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.... In my view NO<br> Discussion Forum - Knowledge Sharing ....