Sec.44ad
This query is : Resolved
03 April 2013
If the firm have a following situation:
T/o:14,71,830/-
G.P.:2,36,879/-
Net loss : 1,64,653/-
Is it compulsory to make books Audited u/s 44Ad(5)?
T/o:14,71,830/-
G.P.:2,36,879/-
Net loss : 1,64,653/-
Is it compulsory to make books Audited u/s 44Ad(5)?
CMA Ramesh Krishnan
(Expert)
04 August 2013
Since it is loss, tax audit is compulsory under sec.44AD
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