saurabh sawlani 21 September 2020
Ek proprietorship firm hai... uska annual turnover 35 lac hai...lekin uska actual profit e 4.50% hai.. toh tax audit krni padegi ya nhi??
regards,
Vishesh Surana 22 September 2020
No audit required if books of Account maintained ,need to fill balance sheet and profit and loss Account in ITR
saurabh sawlani 22 September 2020
Lekin vishesh sir profit toh 8% se kam hai na??
Or esa ho skta hai kya ki me GST k liye profit 4.50% hi show kru... or tax audit se bachne k liye ITR me profit 8% or above show kru...
sir ji ye concept thoda clear kro na
Vishesh Surana 22 September 2020
No audit required as your turnover below threshold limit, provided you are maintaining proper books of accounts.
Question of profit do not arise as you are not opting for Presumptive Scheme
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