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240 views • Question added Mar 15, 2017 • Income Tax • By Shweta , CA , Indore


Tax Audit when profit less then 8 %

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Ashish

27-Mar-2017 , 11:45:44 am

AS PER INCOME TAX ACT IF YOUR PROFIT IS LESS THEN 8%, THEN YOU HAVE TO SUBMIT AUDIT REPORT TO INCOME TAX DEPARTMENT. HOWEVER IF YOUR INCOME IS EQUAL TO OR MORE THAN 8% THEN THERE IS NO NEED TO SUBMIT ANY AUDIT REPORT TO IT.

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