One of my Client has Gross Turn Over of Rs 1.34 Crore and has all Transactions are Non Cash Transaction, Whether Rs 2.00 Crore Limit of Audit applicability is applicable to Him, Net Profit is about 7.5%
SHAMNHU NATH TRIVEDI (PARTNER) (156 Points)
22 June 2017One of my Client has Gross Turn Over of Rs 1.34 Crore and has all Transactions are Non Cash Transaction, Whether Rs 2.00 Crore Limit of Audit applicability is applicable to Him, Net Profit is about 7.5%
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 22 June 2017
You are required to get audited as your profits are below 8% of turnover.
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 22 June 2017
You are required to get audited as your profits are below 8% of turnover.
CA Bhargav Nathwani
(CA in Practice)
(8307 Points)
Replied 22 June 2017
| Originally posted by : Rashmi Gandhi | ||
 |
You are required to get audited as your profits are below 8% of turnover. |  |
Agreed
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
