Compulsory show 8% Profit
akshay jaiswal (associate) (126 Points)
01 August 2018is it compulsory to show minimum 8% profit of turnover if my accounts not get audited and also if I not maintain books of accounts
akshay jaiswal (associate) (126 Points)
01 August 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160886 Points)
Replied 01 August 2018
Yes, for eligible business without books of accounts, minimum profit to be declared is 6% for degital & 8 % for cash transactions...