04 August 2022
co-operative society registerer with state govt. turnover 20 laks how can file return of income tax with audit or without audit , can declare income u/s 44AD and take deduction u/s 80P of the whole profit or not, if not why. tax audit require or not, if yes under which section.
04 August 2022
1 Co op societies are not eligible for presumptive assessment u/s. 44AD of the act. 2. Statutory Audit as per state co op act, would be required, but tax audit not necessary.
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