Question ID : 40782

44AB Tax Audit F.Y. 2018-19 A.Y. 2019-20

The assessee - Milk Distributor In F.Y. 2018-19 deposited cash more than Rs. 50 Lakhs in Current A/c. - shown in SFT. Turnover in F.Y. 2018-19 - Rs. 85 Lakhs. Net Profit - below 8% and below Rs. 2.50 Lakhs (Basic Exemption Limit) Whether Tax Audit is applicable?

posted by Hunny Badlani on Aug 17 2020 12:00AM