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MSME accounting
is accounting of MSME compulsory even if turnover doesn't exceed 5 cr
Replies (4)
Yes, w.r.t. sec. 44AA of IT act....
Okay...thank you....means NFRA advises to remove audit for MSME...but even if removal of audit, accounting will be necessary...right???
Yes, accounting of books as per IT act GST act etc.. is mandatory.
Ok...thank you...
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