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
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Section 44AD, Profit less then 8%/ (loss ) of gross receipt, Must required maintain books of account and must required audit.
Twenty Point Nine Five Ventures Private Limited
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CA Inter
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AJAY SINGH AND CO LLP
Thane
CA Final
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S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
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Chirag P Shah & Co. Chartered Accountant
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B.Com
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Abic and Mani Chartered Accountants
Kottayam
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CCI
Pro
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