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44AB AUDIT

This query is : Resolved 
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(Querist)
24 June 2020 HELLO SIR,
MY CLIENT IS PARTNERSHIP FIRM,
HE GET HIS ACCOUNT AUDIT UNDER SEC 44AB FOR LAST 3 YEAR,
NOW F.Y. 2019-20 TURNOVER IS 82,00,000 AND PROFIT IS LESS THEN 8%/6% AND MAINTAIN BOOKS OF ACCOUNTS AS PER SEC 44AA.
MY QUESTION IS
1} IN THIS CASE A.Y 2020-21 TAX AUDIT IS APPLICABLE ? IF YES SO GIVE ME SEC. NOTE.
2} IT IS COMPULSORY TO GET ACCOUNTS AUDIT FOR CONTINUES FOR 5 YEAR ?
IF YES SO GIVE ME SEC. NOTE.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 June 2020 1 No, tax audit not applicable.
2 No, it's not compulsory in such a case.
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CMA ALKESH PATEL

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CMA ALKESH PATEL (Querist)
26 June 2020 THANK YOU SIR ,
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
26 June 2020 Welcome............
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