Integra Consulting Pvt. Ltd. is a professional firm engaged in providing consultancy and business advisory services. The company offers a wide array…

Integra Consulting Pvt. Ltd. is a professional firm engaged in providing consultancy and business advisory services. The company offers a wide array of solutions, including financial management, project advisory, business mergers, business valuations, and related services. During the financial year 2024-25, Integra Consulting rendered various professional services, earning gross receipts totaling 90 crore. This was the company's first year of operations, and it believes that certain statutory compliances may not have been fully adhered to. Additionally, during the year, due to pressing business exigencies, the company received various loans in cash from different vendors which are as under: 28,00,000 availed from Mr. Santosh on 19th June 2024. 27,000 availed from Mr. Kamal on 18th July 2024. 16,000 availed from Mr. Ajay on 21st October 2024. Further, Integra Consulting Pvt. Ltd. made the following loan repayments during the year: 15,000 to Mr. Santosh on 15th July 2024 in cash 2,50,000 to Mr. Santosh on 15th August 2024 through account payee cheque 21,000 to Mr. Santosh on 19th September 2024 through RTGS 12,000 to Mr. Santosh on 17th October 2024 through crossed cheque Integra Consulting Pvt. Ltd. has also received an amount of 2,00,000 for services rendered to Mr. Soham through bearer cheque. Also, he received cash of 90,000 for services rendered to Mr. Manoj. Furthermore, Integra Consulting Pvt. Ltd. does not know about the applicability of tax audit under section 44AB of the Income-tax Act, 1961. From the information given above, choose the most appropriate answer to the following questions-