Hi,
I have a doubt that if i show profit less than 8 percent of sales and my sales are say Rs.90,00,000.00, do i need to get my books of accounts audited.
Note : If i choose to file ITR - 3 or ITR - 5
akhilesh (student) (54 Points)
07 September 2020
sabyasachi mukherjee
(26120 Points)
Replied 07 September 2020
Preyash Shah
(2 Points)
Replied 11 September 2020
Pankhuri Agrawal
(Chartered Accountant)
(412 Points)
Replied 13 September 2020
NO, you dont have to get your accounts audited if turnover is less than 1 crore.
If your entity is a firm or llp then you have to file ITR 5 , otherwise if it is a sole proprietorship then ITR 3
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