Hello members ,
I have a question . You see I have a client in Kolkata who has this small weekly periodical magazine and
the Turnover/Gross Receipts is about 26Lakhs .Its a Sole Propreitor Firm and the Proprietor is a Senior Citizen .
She has always shown a Profit over 8% . There is TDS every year against the payments made by Advertisors
in this magazine . She gets a refund . Should we get this accounts audited .If yes under what section and where
in the Income Tax Act this is said .
Your prompt answer will be appreciated truly .
Thank you .
CAclubindia
