Quiz for the week (02 Nov 2026) :
Tiny & Co (a firm) is engaged in manufacturing of products which are liable for GST @18%. Its turnover inclusive of GST was Rs. 11.328 crores. But the turnover excluding GST was Rs 9.60 crores. 97% of receipts and 98% of the payments were through banking channel. The assessee wants to know whether books of account have to be audited under section 44AB or could be filed without audit by virtue of proviso to section 44AB(a).
Share your thoughts on or before 09.11.2026.