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Sec 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 July 2013 if any assessee has loss from a Partnership firm & has turnover of less than Rs 1Cr ? Now he is Required to Tax Audit or Not ????
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 August 2013 Yes. Tax audit apply for declaring loss or less than 8% of income under sec.44AD

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