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Firm tax audit

This query is : Resolved 

My partnership firm turnover is 6 lakhs and want to show 0 net profit so as to avoid tax audit. Can I do so .. please help me with any law reference..


Yes you can do so...........

Can you please quote and reference supporting the same as many others are saying that since it's a partnership firm showing profit less than 8% will attract tax audit..

No tax audit in case of no taxable profit reported


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