If all the disorders specified earlier mentioned are fulfilled, even so the profit declared is under 8% then is Tax Audit needed?

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(“Owns” also consists of goods carriage taken on retain the services of or installment in which the quantity payable remains because of)

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(a) combination of all amounts obtained including volume received for income, turnover or gross receipts in the preceding 12 months, in cash, will not exceed five for each cent in the said quantity; and

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Additionally, you will be required to shell out desire beneath Sections 234B and 234C If you don't pay out progress tax through the fiscal yr's fifteenth of March.

Equally the calculation to generally be made to the interval during which the goods carriage is owned because of the taxpayer

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