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Sec.44AD

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(Querist)
13 July 2011 Hi.......Please clear me whether Sec.44AD is mandatory or optional ?
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CA Navin Jain

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CA Navin Jain (Expert)
13 July 2011 its applicable total turnover or gross receipts in the P.Y. does not exceed Rs. 60 lakhs.

hence Sec 44AD is mandatory,

if u wants to show profit less than 8% of the turnover then tax audit is applicable

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