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Audit of assessee having loss
Is it mandatory for any assessee having loss to be audited under section 44AA or any other section of the Act
Replies (4)
Yes if turnover exceeds Rs.20000000/-
Audit provisions are contained under section 44AB, where the turnover exceed Rs. 2 crocres audit is compulsory.
Thanks !!!
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Ajinkya Joshi
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