Books of accounts Audit 44AB

Dear Sir,

In financial year 2019-20 GP 8.07% and NP 4.31 In financial year 2020-21 GP 6.25 and NP 2.31 (COVID) and financial year 2021-22 GP is 8.07% and NP 5.25% Books cover under section 44AB so can we face any issue from IT department.
Replies (3)
Quick Summary
This discussion addresses concerns about potential issues with the IT department regarding books of accounts covered under Section 44AB. The user provided profit margins for FY 2019-20, 2020-21, and 2021-22 and asked if these would cause problems. The response suggests that issues are unlikely unless there are SFT transactions related to bank deposits.

As such no, unless any SFT transactions reporting in connection with bank deposits...

Thank you Sir,

U R Welcome...      

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