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SEC 44AD AND SEC 44AD 3CR LIMIT

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(Querist)
16 July 2024 partnership firm having turnover 2.46 cr and Profit is 3% , firm receipt and payment is from banking channel ,weather firm is liable to tax audit?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 July 2024 No, provided not opted sec. 44AD in any preceding five years, & not having professional income.

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