Income tax filling
This query is : Resolved
14 September 2011
sir,
My client is doing computer sales and hardware business. He has got turnover of Rs.52.00 Lakhs on the sales of computers and spares. He received Rs.2.00 Lakhs on servicing of computers. Please clarify how much profit he has to show without maintaing books & Audit. Please clarify.
If he declare which is lower than the specified what is the position?
Please clarify the above points.
Thanking you sir
My client is doing computer sales and hardware business. He has got turnover of Rs.52.00 Lakhs on the sales of computers and spares. He received Rs.2.00 Lakhs on servicing of computers. Please clarify how much profit he has to show without maintaing books & Audit. Please clarify.
If he declare which is lower than the specified what is the position?
Please clarify the above points.
Thanking you sir
14 September 2011
You should be show minimum profit is 8% on sales if he want to show lower than that rate then he should be audited his books under section 44AB
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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