Tax audit

This query is : Resolved 

27 July 2013 A person earning in nature of Brokerage and having loss in current year.
Income does not exceed to 1 cr. also
Whether the Tax audit is applicable?

27 July 2013 He is not required to get audited his accounts.

1. He is expelled out of Section 44AD
2. Gross receipts below the limits prescribde U/s Section 44AB(a)
.


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