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Firm tax audit

This query is : Resolved 

24 August 2019 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..

24 August 2019 Yes you can do so...........

24 August 2019 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..




24 August 2019 No tax audit in case of no taxable profit reported



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