Audit u/s 44ad
This query is : Resolved
26 July 2011
if a perosn is doing share trading and he incured loss and his total turnover is less than 60 Lacs...is her required to conduct audit u/s 44AD??
26 July 2011
As per section 44AD(5), tax audit is not required since the income is less than the threshold limit.
26 July 2011
not required
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