02 April 2018
My total turnover of the business is Rs. 70 lacs and my net profit is around 5% to 6%.so whether i require to get my books of accounts audited?
02 April 2018
Yes. In case you don't want to opt for Audit then you have to show net profit of min 8% (6% if the amounts are received in Bank) of your Turnover.
03 April 2018
Sir, my question is, I am individual and my turnover is Rs. 70 lacs and my profit would be around 5%. Then under which section am I eligible to get my books of accounts audited? THIS IS URGENT.... PLEASE HELP ME
CAclubindia
