SEC 44AD AND SEC 44AD 3CR LIMIT
This query is : Resolved
CA Nidhi Kanabar
(Querist)
16 July 2024
partnership firm having turnover 2.46 cr and Profit is 3% , firm receipt and payment is from banking channel ,weather firm is liable to tax audit?
16 July 2024
No, provided not opted sec. 44AD in any preceding five years, & not having professional income.
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