Hello,
i had filed return for partnership firm F.Y 2017-18, turnover was Rs. 18 lakhs and profit Rs. 5000 i.e below 8%, due to lack of time on the last day the turnover and profit was shown in no books of accounts case, the ITR was filed and was processed.
Will it cause any issue now?
Yes the return is successfully processed, I have received intimation under sec 143(1) but I have shown less then 8% in no books of accounts case will it lead to scrutiny of the same in future, that's my concern
CAclubindia
