Sec 44ad

RAJ KUMAR (FINANCE MANAGER) (1393 Points)

20 December 2011  

HELLO FRIENDS, MY CLIENT HAS SHOWN THE GROSS PROFIT 6% OF SALES BUT IN PROFIT AND LOSS A/C THERE IS A COMMISSION AND OTHER INCOMES AS A RESULT NET PROFIT RAISE TO MORE THAN 8% OF SALES.

NOW PLS. TELL ME WHETHER AUDIT IS COMPULSORY OR NOT.

FOR 8% WE HAVE TO SEE GP OR NET PROFIT.

PLS. HELP ME.

THANKS.