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Income tax audit
Sir/ Medam
If a person is coverd u/s 44AD and he wants to show his profits below 8%, is it menedtory for him to get audited u/s 44AB if his turnover is below 1 crore, and if he is liable to audit is it mendetory to prepare accounts.
Replies (1)
Yes. mandatory to prepare books of accounts for tax audit
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