08 October 2013
Is it complusory for a firm to go for tax audit if its turnover is less than 1cr and profit less than 8% of turnover even if its willing to show its profit at 8%.?
08 October 2013
If you wise to declare profit at 8 % or more you need not get tax audit if turnover is less than 1 cr Remember you can take benefit of parter salary from declare profit if it is allowed by partnership deed
CAclubindia
