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Querist : Anonymous

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Querist : Anonymous (Querist)
05 July 2013 Dear Sir,
if assessee is a partnership firm turnover rs. 45 lacs.profit before interest and salary is rs 6 lac(more than 8 %), but after interst and salary is rs. 1 lac.(below 8%)

is he liable for audit u/s 44ad?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
28 August 2013 8% income on gross receipts. so calculate based on that

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