iska kya matlab hota hai hindi m samjhao please
The gross profit is not mentioned in the profit and loss or
The profit shown is less than 6% as prescribed u/s 44AD but has not mentioned the maintainance of book of account and audit report U/s 44AB in part A general and the total income exceed the maximum amount chargeable to income tax
In simple terms, you are required to do audit of books as your profit margin is below 6%, which is minimum required u/s. 44AD.
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