44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 August 2015
PARTNERSHIP FIRM
sale 5775000/-
gross profit 526000/-
net profit 2200/-
no partner interest
no partner salary
IS AUDIT REQUIER OR NOT
is 8% formula applicable or not
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=1011123
sale 5775000/-
gross profit 526000/-
net profit 2200/-
no partner interest
no partner salary
IS AUDIT REQUIER OR NOT
is 8% formula applicable or not
Read more at: https://www.caclubindia.com/experts/modify_message.asp?entry_id=1011123
Amol S Joglekar
(Expert)
17 August 2015
44AD is applicable if the firm falls under the definition of "eligible business"
And if the firm falls under eligible business, TAX audit is required
And if the firm falls under eligible business, TAX audit is required
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