{"id":28821,"date":"2022-07-30T08:04:53","date_gmt":"2022-07-30T02:34:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=28821"},"modified":"2022-08-03T08:45:07","modified_gmt":"2022-08-03T03:15:07","slug":"applicability-of-tax-audit","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/applicability-of-tax-audit\/","title":{"rendered":"APPLICABILITY OF TAX AUDIT"},"content":{"rendered":"<p>In the financial year 2021-22 assessee did trading business of cloth. His turnover is around Rs.2.50 lacs His expenses and receipts are total in cash.<\/p>\n<p>During the financial year he incurred a loss of Rs.30000\/-. He maintains regular book of accounts and never opted Presumtitve Taxation . Is tax audit applicable in this case.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[33],"qa_category":[23],"qa_tag":[81],"class_list":["post-28821","qa","type-qa","status-publish","hentry","qa_expert-advocate-shashi-ashok-bekal","qa_category-income-tax","qa_tag-tax-audit"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/28821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=28821"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=28821"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=28821"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=28821"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=28821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}