Income below 8%
Querist : Anonymous
I AM DEALS IS SELLING RECHARGE VOUCHERS OF RELIANCE MOBILE AND GETTING 3% ON SALE I M BUYING RECHARGE VOUCHER OF Rs 100000 AND SALES TO RETAILERS AT 103000 , MY TERNOVER IN LAST YEAR IS 5000000 FIFTY LACS, WHETHER I AM LIABLE TO TAX AUDIT AS MY PROFIT IS AROUND 2% NET AND I HAVE TO FILE E RETURN WITH DIGITAL SIGNATURE
Need Not To File E Return.
Applied Only to Whom 44AB Applies.
Querist : Anonymous
If Not Showing Profit 8%, Below of That, Then 44AD Applicable.
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