Comment on Zerodha tax reports

Team Quicko commented on 30 Jul 2022, 06:52 PM

Hi Arun, like we talk about tax audit in the webinar above it is applicable u/s 44AB if:
1. Turnover > 10Cr
2. Turnover < 2 cr 2a) Profits < 6% of turnover 2b) Taxable Income above basic exemption (2.5 lacs) 2c) opted out of the presumptive scheme in the preceding 5 years However, it's always up to the user to opt-in or opt-out of the tax audit

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