Comment on Notice under Section 139(9)? - Possible reason

Nithin Kamath commented on 08 Oct 2014, 10:02 PM

Didn’t get your question? Your turnover is 1.2lks and loss is 80k. Since your profit is less than 8% of your turnover, you will need the books audited, that is only if your net income is less than Rs 2lks.

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