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section 44ADA FOR A.Y -17-18

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(Querist)
11 May 2016 Is it ccompulsary to adopt this section in case of profession or it is voluntary if my turnover is 15 lakhs and i am having profit of 3 lakh only. Then i have to do audit?
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Rupesh Jain

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Rupesh Jain (Expert)
11 May 2016 you have to take audit if your net profit in lower than the specified amount.

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