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44ad liable to tax audit
if assessee opt 44ad under presumptive scheme and declare income more than 8% but due to loss in house property his net income comes up with loss, is he liable to be tax audit.
Replies (1)
No, it is not required for you to get the tax audit done.As section 44AB read with section 44AD and section 44AD overides section 30 to 38 but not chapter VI , which allows you to set off your losses.
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