How much difference in current and present year profit triggers an income tax notice
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Difference in previous and current year
Replies (2)
you can remove a trend of your change in profits say for past 7 years and analysse the change in percentage. same shud be maintained in future provided there are sufficient reason for any exception
Nothing as such. If you are paying taxes accordingly, you might not receive a notice.
Still, answering your question, more than 20%.
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