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?
Dhirajlal Rambhia
(Expert)
16 July 2024
No, provided not opted sec. 44AD in any preceding five years, & not having professional income.
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