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.
CAclubindia
