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TAX AUDIT APPLICABLE IF OPT OUT 44AD AFTER 2 YEAR

Statutory Audit 560 views 4 replies

If Assessee File Return last 2 years u/s 44AD 
but current year turnover more than 4 cr which all are 100% digitally (all expenses and Revenue) 
Then it is required to audit books of account due to he Not opted 44AD Section for Current Years ?

Replies (4)
Audit is required now if profit is below 8%/6%

Profit Is 20 % 

But Last 2 year filed U/s 44AD

Incase 44ad completed 6year then???
If profit is below 8/6% then audit is a must.


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