Hello Sir's,
if Individual total net profit is Rs.4 lacs there is required certify his balancesheet & profit &loss accounts.
thanks
Manoj Sawant (Student) (138 Points)
13 April 2016Hello Sir's,
if Individual total net profit is Rs.4 lacs there is required certify his balancesheet & profit &loss accounts.
thanks
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 13 April 2016
net profit is not the criteria,
audit is mandatory if the profit is below eight percent of gross receipts
CAclubindia
