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Sec.44ad

This query is : Resolved 
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(Querist)
03 April 2013 If the firm have a following situation:
T/o:14,71,830/-
G.P.:2,36,879/-
Net loss : 1,64,653/-
Is it compulsory to make books Audited u/s 44Ad(5)?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
04 August 2013 Since it is loss, tax audit is compulsory under sec.44AD

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