It is not necessary to show profit 8% compulsorly by an individual............ an individual to get his accounts audited when his gross recipts or turnover is Rs. 60,00,000 or more............according to section 44AD of Income tax act, 1961
Individual below Rs. 60 lakh limit
Page no : 3
PREMKKUMAR
(RETIRED)
(30 Points)
Replied 16 July 2011
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