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8% Np criteria
I want to file an ITR4 with net profit of 5.5% can I do so with out getting books of accounts audited.(I have maintained books of accounts as per law)
Replies (2)
No you cant. Whenever profit is shown below 8% of Gross receipts, Audit becomes mandatory.
but the file got uploaded on ITD site without any hurdles , can you please say what shall be the consequences of the said ITR??
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