Section 44ab and section 44ad of the income tax act,1961
This query is : Resolved
Unnikuttan K R
(Querist)
13 September 2011
Whether tax audit u/s 44AB is require for a firm furnishing loss return in terms of section 44AD?
CA Pushpendra Gaur
(Expert)
13 September 2011
Yes, firm below 8 % profit are required to have compulsory tax audit u/s 44 AB
Unnikuttan K R
(Querist)
14 September 2011
Whether below 8 % profit include loss return?
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