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Relating to tax audit of a company

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(Querist)
02 November 2012 a company having turnover of 142078.00 is showing loss in his books of accounts. Whether it is liable to tax audit or not?
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
02 November 2012 Yes, Since Business Income.
Liable to Audit u/s 44AD.
Otherwise Show Profit 8%

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