Is audit required on net profit ration below 8%
This query is : Resolved
Praveen Jain
(Querist)
08 November 2013
Dear Sir/Maim
My Annual Turnover is 10 lacs & Net Profit Ratio is less than 8 % (0.54%) so is required to audit my final a/c
rgds
Praveen Jain
My Annual Turnover is 10 lacs & Net Profit Ratio is less than 8 % (0.54%) so is required to audit my final a/c
rgds
Praveen Jain
CMA Ramesh Krishnan
(Expert)
08 November 2013
If you are opting presumptive income 8% u/s.44ad then audit is required in your case
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Movement of goods by packers and movers - type of sale - Reg.
- Missed uploading GST Invoice
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Wrong CMPo8 file
- Gratuity paid to legal heir above 20 lakh is taxable or not
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
