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Section 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2015 Assessee is dealer in edible oil n he is also having brokerage income of dealing in property. whether audit u/s 44AB is required if turnover is less than 1cr n delaring profit less than 8%..?
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
23 June 2015 he is not eligible for section 44AD. please comply with section 44AA and file ITR-4
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Rupesh Jain

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Rupesh Jain (Expert)
24 June 2015 YOU HAVE TO FILE ITR-4 FRO SECTION OF MAINITNG BOOKS OF ACCOUNTS
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