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Re.:account audited
Total Gross Receipt from professional fees of my client comes to Rs.8,50,000/-, actual net income comes to Rs.1,45,650/- deducting all expenditure (staff salary paid by a/c payee cheque). I maintain books of account. Please note it is a proprietorship firm..
Please advise shall I have get audited the account.
Replies (2)
If you file ITR 3 then NO.
YOUR INCOME IS BELOW TAXABLE THERE IS NO LIABILITY TO AUDIT.
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