audit provision

This query is : Resolved 

24 January 2009 sir ,
I want to know that,if a bussinessman discloses his profit above the rates as in Sec 44AD/AE/AF then audit as necessary or not as similar as in Sec 44b/BBA
thank you

24 January 2009 NOT REQUIRED IF THE T/O IS BELOW 40lkhS BUT IF T/O OF SALES / GROSS RECEIPTS ARE ABOVE THAN TAX AUDIT IS COMPULSARY

CHANDRAKANT AMBANI
BOMBAY
9819408963
9821240674


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