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Tax audit if NPR is less than 8%

ITR 205 views 2 replies
My query is that, if a properietor does not get into Sec 44AD (presumtive income), but his Net Profit ratio is less than 8%, do he have to get his books audited as per income tax?
Thanks.
Replies (2)
Yes. need to get tax audit
Thanks alot.


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