44 ab
This query is : Resolved
19 March 2015
Hello,
A proprietary firm has incurred LOSS in COMMISSION busines whether it is compulsory to audit u/s. 44AB ?
A proprietary firm has incurred LOSS in COMMISSION busines whether it is compulsory to audit u/s. 44AB ?
Soumitra Basu
(Expert)
20 March 2015
AUDIT UNDER SECTION 44AB IS RELATED TO THE TURNOVER. PROFIT OR LOSS IS IMMATERIAL.
23 March 2015
check out the gross turnover is more then 1 crore or not for applicability of tax audit u/s 44AB
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