A cooperative society has gross receipts of Rs. 92 lacs in FY 2016-17. It was being audited u/s 44AB in earlier years as its gross receipts were above Rs. 1 crore. Kindly advise will this cooperative society will require audit under income tax act. The society has been claiming deduction u/s 80P on its income.
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Audit under 44ab
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yes he required to get his book audited by ptacticing ca
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