17 August 2023
Firm having turnover of Rs. 44 lakh wants declare profit around to 1% so it is compulsory to go for audit u/s 44AB(a). firm newly incorporated in FY 2022-23 and filing first time income tax return QUESTION
1). IF FIRM WANT TO FILE NORMAL RETURN OF INCOME WITHOUT AUDIT THAN MAINTENANCE OF BOOKS OF ACCOUNT IS COMPULSORY??
2). AT THE TIME OF FILING RETURN UTILITY SHOWING ERROR THAT YOU HAVE NOT MAINTAINED BOOKS OF ACCOUNT
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