Related to section 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2013
IN CASE OF PARTNERSHIP FIRMS IF THERE IS LOSS IN BOOKS OF ACCOUNTS AND TURNOVER IS LESS THAN LIMIT OF 44AB THEN CAN BE LIABLE TO AUDIT U/S 44AD????
16 May 2013
No. corollary to section 44AD(5) of the Income tax Act,1961.
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