banner_ad

Audit u/s. 44ab

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
01 August 2013 Sir, If in a partnership firm claim business loss, than he required to be audit u/s. 44AB or not.
Profile Image

CA Navin Jain

Profile Image

CA Navin Jain (Expert)
01 August 2013 Audit under section 44AB is applicable on the basis of Turnover.
Profile Image

CA UMESH DULAL

Profile Image

CA UMESH DULAL (Expert)
01 August 2013 If your turnover is more than 1.00 cr, then 44AB is applicable.

In other case, if you declare profit which is less than 8% of turnover, then audit u/s 44AB is applicable
Profile Image

CS,CA F,Numrologi TusharSampat

Profile Image

CS,CA F,Numrologi TusharSampat (Expert)
01 August 2013 pls specify the turnover of your firm so that advise can be given whether tax audit is applicable or not.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details