I have a professional Business as a Proprietor. I M being told by few people that if my expenses are more than 50% of my income then I need to get my books audited. Is This information True..???
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 05 August 2017
Yes, provided your profession is listed as specified profession as per section 44AA of IT act........
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