44ab and 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 September 2011
Whether below 8 % profit is include loss return as per section 44AB and 44AD for a partnership firm?
16 September 2011
In that case audit is a must. The basic criteria is minimum net profit should be not less than 8% and the turnover should not exceed 60L
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