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Question ID : 44901

Professionals taxation

Whether a professional can report income less than 50% of gross receipts in their income-tax return if they maintain proper books of account and without tax audit report

Posted by CA. SURAJ KUMAR CHOUDHARY on Jul 29, 2025

Filed Under DIRECT TAXES

Answer ID : 85976

No. you have to conduct tax audit.

Posted by VINAY BHARGAV KUMAR G on Jul 30, 2025