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Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 July 2013 sir
in case of partnership firm having turnover of 9lacks and is incurring loss of 70000, cn it be case of tax audit u/s 44AB(c), if 8% condition is applied as it s showing lower than 8%of turnover den cn it be audit case
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
17 July 2013 No. tax audit not apply
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