Sumit Shukla 24 December 2020
Do this section get automatically applicable if net profit is less than 6% 8% 50% as the case may be
Sumit Shukla 24 December 2020
I mean do we require to audit if the final income considered is less than the prescribed percentage i.e. 6 or 8 percentage
RAJSHREE MUNDRA (CA) 24 December 2020
Yes, if you claim profit less than the deemed profit and your income exceeds maximum amount which is not chargeable to tax, you are required to get your accounts audited
Stay updated with latest Discussion!
Member Strength 32,54,117 and growing..
CAclubindia
