Will Tax Audit be applicable if I have trading income below 2 lakhs?

I have total income including both trading and interest of 1.95 Lakhs. Will Tax Audit be applicable in this case?

Hey Sneha,

Tax Audit is not applicable when the total income is less than the basic exemption limit and the trading turnover is less than INR 1 Cr. So in your case, Tax Audit will not be applicable.

You can read more about Tax Audit on trading income on our Learn Center !