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Tax audit u/s 44ab or 44ad

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(Querist)
27 August 2019 Firm having turnover of more than Rs. 1 crore but less than Rs. 2 crore and profit is more than 8% of the turnover. Whether Tax audit u/s 44AB or 44AD is required or not?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 August 2019 Opt 44AD and declare profit more than 8% tax audit not required.

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