SEC 44AD AND SEC 44AD 3CR LIMIT

This query is : Resolved 

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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query