Is Tax Audit necessary for a Partnership having Loss but not required maintain books of Accounts under Sec 44AA. Gross receipts are less than 10 Lakhs in the FY and is not opting for Presumptive Taxation under Sec 44AD.
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Income tax audit requirement
Replies (3)
No
Isn't Tax audit mandatory in case the firm is required to maintain books under 44AA, but incurred loss in the FY?
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