Dear Experts,
my business is in loss and turnover is 5 lakhs. Based on this, my profit/loss is below 8% of Turn over. whether tax audit is applicable?? And my doubt is about, whether 8% of turnover is taken only for 44AD, in this regards please give me a source for getting clear cut effect.
Thanks for sharing your wisdom sir!!
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
