Comment on Taxation for Traders - Introduction
You need audit in 2 cases:
1. Turnover more than 1crore
2. If your turnover is less than 1 crore and profitability less than 8% of the turnover.
You need audit in 2 cases:
1. Turnover more than 1crore
2. If your turnover is less than 1 crore and profitability less than 8% of the turnover.