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Audit as per provisions of sec. 44 ad

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(Querist)
10 August 2013 In case my business turnover is 50 lakhs and I am having a loss of 2 lakhs whether audit is required as per sec. 44 AD . I don't have any other income
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Ganeshbabu K

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Ganeshbabu K (Expert)
10 August 2013 Audit will not be applicable under section 44AB by vide section 44AD(5)
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