Applicability of tax audit u\s 44AD(1)
Querist : Anonymous
8% , by virtue of section 44AD(5), the firm is required to get its account audited.
Querist : Anonymous
in contineoution to ur reply, since firm is having loss i.e. the income is less than the max. marginal limit in case of partnership firm. in my openion the audit u/s 44AB is not required. pl give ur reply in this context. once againf thanks. my mail add. pchordia2005@yahoo.co.in mob. 9825135470/ 0260-2420034 (off)
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