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Nirmal Agrawal asked 1 year ago

Sir in computation of turnover for audit if one business is opting for presumptive income then whether we should include that for calculation of turnover for audit even if it falls below turnover limit for audit. In book page 10.3 important learning para – Last para is not understandable, i am confused that we show one business under presumptive and other under tax audit…is that possible?

1 Answers
RaviRavi Staff answered 1 year ago

See this telegram link for chart solving your query.

Further yes its possible that only audit of those businesses is done which are declaring income less than specified in presumptive basis, while other remaining business of same assessee are not required to get audited.

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