Comment on Notice under Section 139(9)? - Possible reason
commented on
13 Sep 2014, 08:38 PM
“If your turnover is less than 1 crore and profit more than 8%, you will not need your books to be audited.”
profit more than 8% means what? 8% profit on that 1 Crore turnover which is 8lakhs,right?
Then how we pay taxex if the books not audited? (I’m novice F&O Trader Nithin Sir)