44ab rws 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 June 2013
A partnership firm turnover 55 lacs remuneration 149000 interest below 12% of capital, no profit no loss position for the financial year 2011-2012 after remuneration and interest. Now Tax audit u/s 44AB rws 44AD applicable or not? firm already file return u/s 44ad for the year 2010-2011
(i.e.8%).
(i.e.8%).
Rupesh Jain
(Expert)
17 June 2013
if firm have or declare 8% of net profit include intt. and remuneration to partner.
and turover up ot Rs. 1.00 crore then no audit required .
other wise audit required u/s 44ad
'
and turover up ot Rs. 1.00 crore then no audit required .
other wise audit required u/s 44ad
'
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