Wholesale business
This query is : Resolved
30 March 2012
Is Audit compulsory if net profit shown below 8% in whole business for A.Y. 2011-12
30 March 2012
If your turnover does not exceed Rs 60 lakhs and you show income less than 8% of the turnover, then you are liable to maintain books of accounts and also get your accounts audited.
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