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Audit and tax audit.

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 October 2013
I am trader and my annual turnover for year
ending 12-13 is Rs 43 lakhs and i have shown a net profit of 8.2% of gross sales.

Am i required to make audit or tax audit of my accounts or deduct any type of TDS. My business is a proprietory business
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Ganeshbabu K

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Ganeshbabu K (Expert)
04 October 2013 1)NO NEED TO GET YOUR BOOKS AUDITED AS YOUR TURNOVER NOT EXCEEDED 1 CRORE

2)NO NEED TO DEDUCT TDS ON YOUR PAYMENTS
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