Poonawalla fincorps
Poonawalla fincorps

Income below 8%

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 September 2012 DEAR SIR

I AM DEALS IS SELLING RECHARGE VOUCHERS OF RELIANCE MOBILE AND GETTING 3% ON SALE I M BUYING RECHARGE VOUCHER OF Rs 100000 AND SALES TO RETAILERS AT 103000 , MY TERNOVER IN LAST YEAR IS 5000000 FIFTY LACS, WHETHER I AM LIABLE TO TAX AUDIT AS MY PROFIT IS AROUND 2% NET AND I HAVE TO FILE E RETURN WITH DIGITAL SIGNATURE
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
01 September 2012 You Need to Do Tax Audit U/s 44AD.

Need Not To File E Return.
Applied Only to Whom 44AB Applies.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 September 2012 WHAT IS THE DIF BETWEEN AUDIT U/S 44AD AND 44AB
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
01 September 2012 Above 60 Lacs Then Tax Audit U/s 44AB,
If Not Showing Profit 8%, Below of That, Then 44AD Applicable.

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