ASST-YEAR 2017-18 PARTNER SHIP FIRM WORKING METHOD AUDIT U/S 44AD AND NORMAL ( PARTNRE SALARY. INTEREST)
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now it is not allowed for 44 ad
advance tax provisions also apply for 44ad
go with regular itr
Since partners remuneration and interest on capital is not separately allowed for partnership firm from AY 2017-18 u/s 44AD, therefore section 44AD in a way, lost relevance for partnership firm. Therefore it is advisable to go for tax audit u/s 44AB.
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