Compulsion-tax-audit-clause-(d) & (e)-of-section-44AB-r-w-section-44AD


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This discussion clarifies whether a firm with a turnover of Rs. 60.00 lakhs and a net profit of Rs. 1.25 lakhs requires a tax audit under Section 44AB, specifically clauses (d) and (e), read with Section 44AD. The consensus is that if these specific clauses of Section 44AB are not applicable, the firm can indeed file its return without a tax audit.

27 June 2022 FY 2021-22 Firm Total Turmover Rs.60.00 lakhs and Net Profit Rs.1.25 lakhs less than 8% or 6% (i) Can Return be filed without Tax Audit of the Firm under clause (d) & (e) under section 44AB of the IT Act [as per u/s Section 44AB(d) or Section 44AB(e) as the case may be].


28 June 2022 Yes, file ITR without tax audit.

07 July 2022 Firm can file return without tax audit provided sec. 44AB (d)/(e) not applicable.


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