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Tax audit u/s 44ab

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(Querist)
07 October 2016 If there is a loss from Patnership Business & Turnover of Such Business is less than 1 Crore. Whether Tax Audit is Applicable u/s 44 AB. If Yes, than under what clause it is to be reported? please reply as soon as possible
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
07 October 2016 As the income is below taxable limits, no tax audit applicable.

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