banner_ad

Income tax

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 April 2013 DEALER IS WHOLESALE DEALING IN WASTE PAPER SUPPLY TO INDUSTRIES TURNOVER IS RS 80,00,000/- DURING THE AY 2013/14 & SHOWING NET PROFIT RATIO 3% WHETHER LIABLE TO AUDIT U/S 44AB WHILE FILING I TAX RETURN PL EXPLAIN
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
24 April 2013 Net profit ration @3% means- his income is Rs 240000/-.
.
As he is not showing Income @ 8% of turnover, he is required to get his accounts audited.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details