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Audit u/s 44ada

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(Querist)
21 August 2017 If a professional firm (proprietor) having net profit below 50 than are they liable to do tax audit u/s 44ADAOR NO
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
21 August 2017 If below 50% then you are liable for tax audit.
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Amol S Joglekar

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Amol S Joglekar (Expert)
21 August 2017 yes, tax audit should be carried out.
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