Below 6

This discussion addresses whether it's permissible to declare a profit below 6% for a business with a turnover of ₹1.13 crore in the financial year. The consensus is that it's possible, especially if transactions are not entirely in cash. However, it's advised that if income is non-cash, showing a profit of around 8% might be more appropriate. The consequences of filing with a profit below 6% are also a point of inquiry.