Dear Sir ,
one of my client has total sale of 80lakh In FY 2017-18.
if he don't want to opt presumptive income (minimum 8%profit).
is it possible to declare lower profit than 8% without audit in case of books maintained.
If you want ti file the returns showing less than 8%, you need to get the books auditedd by a Chartered Accountant. The section is clear about it
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
