Net profit @ 8%
This query is : Resolved
Abhishek Roy Choudhury
(Querist)
16 April 2015
A partnership firm having sales below the tax audit threshold limit and profit has been shown @ 7.30% of sales but tax audit was not done. Should it would be of any problem.
Nikhil Kaushik
(Expert)
16 April 2015
yes. you will get a section 139(9) notice.
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