If business profit 8% of Turnover than assessee not required to furnish books of accouts at the time of assessment is it trune if not tell me reason and other hand if business have loss than assess have to furnish books of account at the time of assessment . mantion section if applicable
Thanks in Advanc
Section 44AD, Profit less then 8%/ (loss ) of gross receipt, Must required maintain books of account and must required audit.
Shyam Joshi & Associates
Pune
B.Com
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Karia Overseas
Ahmedabad
CA
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Shaswat initial support private limited
Ahmedabad
CS
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YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
