if business turnover is 80 lakh , and profit is only 1% rs. 80255 ,
i have keep books of account
so qustion is
1. is it compulsory to audit ?
2. can i file regular itr 4 return ,without audit and without choosing section 44AD option ?
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Audit
Replies (1)
audit is mandatory if the profit offered for tax is below 8 percent of turnover.
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