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Tax audit applicability

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 July 2018 Dear Experts

Assesee is a trader in soaps and baby products. My turnover is only 40 lakhs. Assesee maintained proper books of accounts. But in this business margin is around 3 percent only.

As the netprofit is below 8%, whether tax audit is applicable. Warning message appears when i try to efile. Warning message in winman says taxa udit may be applicable. Please help
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Expert : Anonymous

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Expert : Anonymous (Expert)
20 July 2018 What about business like Proprietorship or any other?

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RAJA P M
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 July 2018 IT IS A PROPREITROSHIP
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RAJA P M

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RAJA P M (Expert)
20 July 2018 Which sec you ll try to file and which ITR Form?
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Querist : Anonymous

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Querist : Anonymous (Querist)
20 July 2018 ITR 3 FOR BUSINESS. ONE LORY U/S 44AE
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RAJA P M

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RAJA P M (Expert)
20 July 2018 In u/s 44ae inside window you will enter last two columns...
Item no 53....
The value also required as per sec 44AD (44AE)
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