Question ID : 21428
Tax audit applicability
For FY 23-24 - Turnover Rs 1.50 Cr. Showed 15% profit. Filed ITR 4.
In FY 24-25 - Turnover Rs 90 Lakh. Ready to prepare PL and BS fully and file ITR 3 with full disclosure. Profit 15%.
Should the client do audit in FY 24-25?
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