dear all ,
pls send sec 44 ad or af rules & new information , i m business a retail trader for rediment cloth a.y. 2011-12,
sales between 40 to 59 lacs
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retail traders sec 44 AD AF audit or not less than 8% profit
Replies (1)
net profit should be 8% of turnover otherwise tax audit req. if declaring lower then 8% profit and total income is more then taxable income
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