Tax Audit Report 44AB of IT act
This query is : Resolved
MAKARAND DAMLE
(Querist)
27 July 2024
Assessee Partnership Firm having turnover of Rs.1.10 Cr
Their cash expenses or receipts do not exceed 5% to total expenses/turnover
My question is in this case tax audit u/s 44AB is applicable ?
Their cash expenses or receipts do not exceed 5% to total expenses/turnover
My question is in this case tax audit u/s 44AB is applicable ?
Dhirajlal Rambhia
(Expert)
27 July 2024
No. If not opted out of sec. 44AD in any of earlier five years.
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