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Book of account

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2014 Dear All,

I have Business of Retail trading( proprietorship firm) and annual turnover are rs 60 lakh for financial year 2013-14 and my G.P. are 5% and net profit are 4.5%
My query is that should my book of Account are auditable or Not
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Arun Singh

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Arun Singh (Expert)
24 July 2014 Either you have to show income under presumptive income (atleast 8%), else you to get the books audited.

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