Co-operative tax audit

Question about audit requirement.

Where an co-operative society having gross receipts of Rs. 1,25,00,000 in a FY, and net profit less than 300000 which is fully deductible u/s 80P .

The question is still it requires to get his account audited when it dont have remaing taxable income.

NO sec 44AD, 44ADA applicable

kindly guide me in this regard.

Replies (1)

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