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Applicability of audit u/s 44AB of the income tax act

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11 February 2021 A Individual is having Turnover of Rs 60,00,000/- during FY 2019-20 And profit of Rs 180000/- (during FY 2018-19 he has filed ITR3) whether he required to get his books of accounts audited ?

27 September 2021 If sec. 44AD(4) attracted in any preceding year, then yes, need to audit his books of accounts.



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