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query regarding section 44ab for ay 2013-14

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 September 2012 If turnover for FY 2012-13 is Rs.70 lakh and profit is Rs.550000/-(i.e.below 8%) does the assesse required to audit his books u/s 44AB?
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Nitesh Parmar

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Nitesh Parmar (Expert)
28 September 2012 yes the assessee is required to do tax audit.

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