Opinion required:
Client is a partnership firm. He has TO of Rs. 9750000. he is showing NP after interest and remuneration @ 2.5% margin, but profit before interest and Remu. @ 8%.
Whether audit is required??
If net profit declared minimum 6/8 percent; no tax audit. Otherwise applicable.
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
