[Solved] Investigation of books of accounts and records is

Investigation of books of accounts and records is

a) Not legally compulsory

b) Compulsory

c) Compulsory as per companies act

d) Compulsory as Income Tax Act

Answer: (a) Investigation of books of accounts and records is not legally compulsory. Assessee required to get accounts audited on Compulsory Basis under Section 44AB. If the total sales, turnover or gross receipt in business exceed or exceeds Rs. 1 crore in any previous year.

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