06 September 2017
Dear sir I am professional if i have fill ITR 3 for A.Y 17-18 and turnover is 8 lac & profit is 3.5 lac and No account maintain then tax audit is compulsory for me
thanks
06 September 2017
Exactly replied from the Experts...
If you don't want Audit then ll show the profit 50% as 4lakhs..
After shown it you ll be deduct under chapter VI A and 80C and also the ceiling of 2.50lakhs....
07 September 2017
Failure to get books of accounts audited than penalty of lower of the following: a) 0.5% of Turnover or Gross Receipt b) Rs. 1,50,000
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