sankalp (Tax Consultant ( Income Service Sale Tax )) (107 Points)
31 August 2011If business profit 8% of Turnover than assessee not required to furnish books of accouts at the time of assessment is it trune if not tell me reason and other hand if business have loss than assess have to furnish books of account at the time of assessment . mantion section if applicable
Thanks in Advanc
TRILOCHAN
(SENIOR ACCOUNTANT)
(698 Points)
Replied 01 September 2011
Section 44AD, Profit less then 8%/ (loss ) of gross receipt, Must required maintain books of account and must required audit.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
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