INCOME TAX WITHOUT AUDIT
vishal dwivedi (hr) (51 Points)
31 August 2024
is there any rule in income tax without audit we can declare 3% net profit
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177771 Points)
Replied 31 August 2024
There is no direct connection with profit margin and tax audit. Sec. 44AB IT act, mainly refers to the turnover for audit applicability.
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