One of my friend is doing amway business and earned a commission of of Rs 500000/- during 2011-12 His other income from Rent rs. 450000/- Bank, interest rs 75000/- His amway business incured a loss of rs 175000/- since his turnover and receipts from business are below the tax audit limit is his account is required to be tax audited as per new section 44 B
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