22 December 2013
A person runs business and his turnover is below than 1CORE and shown his gross profit more than or equal to 8% of his turnover ( below 1crore) . Then no need to audit his books By CA. .
In this case , Will the person pay INCOMETAX LIABILITY amount which is selfly assessed by a person without the Need of CA TO incometax department ?
22 December 2013
well yes you can very much do that. CA's mandatory roles comes in only if tax audit is required. else you can very much do it on your own.
CAclubindia
