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44AB

This query is : Resolved 
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(Querist)
01 August 2020 If firm has incurred loss in current AY. Is it needed to audit u/s 44AB , as income declared is less than 8%.
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CA R SEETHARAMAN online

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CA R SEETHARAMAN online (Expert)
01 August 2020 In view of loss no need of tax audit.

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