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Tax audit and books maintain

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 March 2017 Dear Experts,
My turnover is 6 Lakh and Net profit is 6.4% in AY 2016-17, Pls clarify weathet tax audit will be applicable or not,

Also tell me will i have to maintain the books of accounts for the same?

Regds
Anshul
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 March 2017 Tax audit not applicable in view of income below taxable limit and no need to maintain accounts.
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Querist : Anonymous

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Querist : Anonymous (Querist)
30 March 2017 Sir, No P/L Accounts & Balance sheet will be file on filing ITR 4,

Right...



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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 March 2017 It will fall under no account case no need to file P&l and bs.

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