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Return filling defect

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what is the reason of this type of errors as client is not liable for audit bcz turnover less than 1cr and profit less than 250000 (last yr return filled u/s 44ad)- error: you have claimed income less than 8% of gross turnover. please check ur computation and liability for audit if any u/s 44AB/ 44AD(5)
Replies (6)
Turnover alone is not criteria for tax audit.

% of profit also matters .


6/8% for business

50% for profession

So for turnover based non audit cases , the minimum profits should be 6%/8%/50%
8% criteria IA applicable only in case when we opt for 44ad otherwise is u have profit less than 250000 then no audit is required as per 44AD(5)
How much is the value of gross receipts ?
66 lacs
Are you able to file ITR without Audit Report ?
Till now it's pending


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