Question ID :
40794
Tax Audit for a cooperative Society
A cooperative Society having turnover less tha Rs 1 crore dealing in Milk,Fertilizers,Karyana Goods has not been allotted to any Chartered Accountant for Tax audit by Department of Cooperation. Its Turnover is slightly less than 1 Crore and Net profit as per Balance Sheet is less than 8% of Turnover which becomes Nil after availing deuction under Sec 80 P
Whether Tax Audit will apply to this Society
posted by
Mahesh Kumar
on
Aug 24 2020 12:00AM