Section 44ad


08 June 2017 Partnership firm have no profit no loss than section 44 ad is applicable for f.y. 2016-17

08 June 2017 Is there any turnover.

08 June 2017 Yes turnover below 1 crore

08 June 2017 Then also 44 AD applicable.

08 June 2017 Show minimum 8% income if you want to declare nil profit then go for audit.


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