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Tax Audit

This query is : Resolved 

If there is Speculation Loss of - 11 Lacs
other Business loss is - 4 lacs
Income from Other heads (HP, CP & OS) is 45 Lacs

will Tax Audit Applicable ?
As Income exceeds the maximum Amount not chargeable to Tax.

Tax audit not applicable if 44AD not opted during previous year.

Thank you so much Sir...



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