Question ID : 42194

Tax audit

In AY 2020-21 assessee’s total turnover exceeded prescribed limit and hence tax audit was done. In AY 2021-22 assessee’s profit is less than 50% of professional turnover. Total income exceeds taxable limit. Is tax audit required for AY 2021-22?

posted by Sadhana N.Kubal on Dec 15 2021 12:00AM