17 July 2017
Assessee having income of profession below 50,00,000/- whether assessee need to done tax audit if profit is below 50%? and if he opt. for presemptive taxation what will be the impact?
17 July 2017
yes he would be required to get the audit done. In case he wants to go for presumptive taxation, then there is no impact except for higher tax outgo.
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