22 April 2015
A partnership firm showing profit @ 6.00% to 6.30% during the previous years and done tax audit because the profit is less than 8% though the sales is below the tax audit limit. Now they want to show profit @ 8% or above and to do manual audit not tax audit. Is it possible, whereas all income and expenditure would remain more or less same to that of the previous year.
CAclubindia
