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sec 44ADA and tax audit
if an individual provides consultancy and his gross receipt less then 50,00,000 rs. but he wants to show net profit less then 50% of gross receipt then is he liable for compulsory tax audit or not ??
Replies (3)
Yes, He is liable to tax Audit under section 44AB(d)
yes...he is liable for tax audit
thanks a lot
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