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CA Dipika Pathak

Partner at D P S A &... • 10m

Dear business🔊 please note your tax audit applicability ➡️Every business, including private limited companies, individuals, and partnership firms (excluding those opting for the presumptive taxation scheme), is subject to a tax audit ifTotal sales, turnover or gross receipts exceed Rs.1 crore in the FY ➡️If cash transactions are up to 5% of total gross receipts and payments, the threshold limit of turnover for tax audit is Rs.10 crores

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