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Tax audit

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2014 A person has a business income less than the taxable limit (say Rs.195000) which is also less than 8% of his total turnover(say Rs.5000000). Is the person liable for tax audit u/s 44AB?
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Ganeshbabu K

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Ganeshbabu K (Expert)
18 November 2014 No need to get his books of accounts audited

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