In case of a partnership firm whoes net profit for the year is negative, is tax audit required?
Is following section 44ADA compulsory for a chartered accountant firm in order to avoid tax audit and maintanance of books?
In case of not following this section and having income above 8%, is tax audit compulsory?
"In case of a partnership firm whoes net profit for the year is negative, is tax audit required?"
Not required......
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