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Querist : Anonymous

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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


17 August 2015 if the business falls under "eligible business" as defined u/s 44AD, then tax audit is applicable.


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