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Audit u/s 44ab

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(Querist)
30 August 2017 Partnership firm of Architect Engineers maintain books of accounts but shows net profit less than 8%. Does it audit u/s 44AB?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
30 August 2017 Yes audit u/s 44AB is required in view of declaring less than 8%(6% in case of bank receipt). profit.

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