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Income tax audit

This query is : Resolved 

IN LAST YEAR I HAVE SHOWN LOSS AND GOT MY BOOKS OF ACCOUNTS AUDITED FROM CA.. IS IT NECESSARY TO DO AUDIT FOR CONTINUOUS 5 YEARS??? MY TURNOVER WAS 90 LACS LAST YEAR AND NOW ITS 60 LACS .. THIS YEAR I WANT TO SHOW MORE PROFIT. I.E. MORE THAN 8%.

IS IT NECESSARY TO DO AUDIT


If you show more than 8% profit audit nor required.


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