Tax audit u/s 44ab
This query is : Resolved
29 August 2019
When a Partenrship firm (ordinary) or Proprietorship firm maintaining books of account and turnover of the firm is below one crore and profit is below 8%, 44AD not adopted. In such case Tax Audit is required or not.
29 August 2019
if you are declaring profit less than 8% tax audit applicable.
29 August 2019
yes, tax audit is applicable in such case
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