sunilpali (OPERATION HEAD(TAX AND AUDIT)) (129 Points)
16 March 2011dear all ,
pls send sec 44 ad or af rules & new information , i m business a retail trader for rediment cloth a.y. 2011-12,
sales between 40 to 59 lacs
Pawan Singhal
(chartered accountant)
(655 Points)
Replied 09 April 2011
net profit should be 8% of turnover otherwise tax audit req. if declaring lower then 8% profit and total income is more then taxable income
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
