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Audit of accounts 44ad

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30 April 2015 if i maintain books and shows profit less than 8% then all exp. OF business(est. phone etc) will be allowed or not.i will get books audited. can i pay salery to my father for working(
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
01 May 2015 you can pay salary to your father. but it has to be a reasonable amount.

and if the accounts are audited, profit can be shown lower than 8 %

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