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Audit u/s 44ad

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(Querist)
26 July 2011 if a perosn is doing share trading and he incured loss and his total turnover is less than 60 Lacs...is her required to conduct audit u/s 44AD??
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
26 July 2011 As per section 44AD(5), tax audit is not required since the income is less than the threshold limit.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
26 July 2011 not required




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