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Tax audit if NPR less than 8%

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(Querist)
14 October 2016 My query is that, if a properietor does not get into Sec 44AD (presumtive income), but his Net Profit ratio is less than 8%, do he have to get his books audited as per income tax? Thanks.
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Anand

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Anand (Expert)
15 October 2016 Audit is required if his turnover exceeds 1 Crore.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
15 October 2016 For Below T.O less then 1 Crore audit should be done if net profit is less than 8% and if T.O is above 1 Crore then as said by anand sir,
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Simran Katyal

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Simran Katyal (Querist)
17 October 2016 Thanks alot.
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