Net sales = 65 Lakh
Profit = only 2.5% of net sales
Tax audit Required or Not ???
Net sales = 65 Lakh
Profit = only 2.5% of net sales
Tax audit Required or Not ???
If previous years you declare your income in sec 44AD then tax audit required. Otherwise no need to be tax audit after fiance act 2016.
See rule sec 44ad (4/5)
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
