Tax audit applicability
Querist : Anonymous
Assesee is a trader in soaps and baby products. My turnover is only 40 lakhs. Assesee maintained proper books of accounts. But in this business margin is around 3 percent only.
As the netprofit is below 8%, whether tax audit is applicable. Warning message appears when i try to efile. Warning message in winman says taxa udit may be applicable. Please help
Expert : Anonymous
By
RAJA P M
Querist : Anonymous
Querist : Anonymous
Item no 53....
The value also required as per sec 44AD (44AE)
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