A Newspaper advertising Agent has turnover of advt charges recd 50 lakhs , declare net profit below 8%. Is it compulsory to audit u/s44 AB since the agency commission exempt from 44 AD
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Applicabilty in 44 AD case
Replies (1)
Turnover less than 1 crore so no requirement u/s 44AB and you should not opt for 44AD
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