Income tax filling

This query is : Resolved

srinivas thota (Querist)
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14 September 2011 sir,

My client is doing computer sales and hardware business. He has got turnover of Rs.52.00 Lakhs on the sales of computers and spares. He received Rs.2.00 Lakhs on servicing of computers. Please clarify how much profit he has to show without maintaing books & Audit. Please clarify.
If he declare which is lower than the specified what is the position?

Please clarify the above points.

Thanking you sir

Dintakurthi Tirumala

Dintakurthi Tirumala (Expert)
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14 September 2011 You should be show minimum profit is 8% on sales if he want to show lower than that rate then he should be audited his books under section 44AB
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