Tax filing of aop

nitin suvarna (C.A FINAL) (828 Points)

16 April 2017  
I have a query in relation to income tax filing of aop. The Aop earned 230000 income last year. My question is that whether Aop is required to file return showing min 8% profits or should it file actual profits of 1%?? If it can file showing actual profit of 1% does the Aop needs to get audit done.