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Section 44AB

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(Querist)
26 October 2017 Whether Tax Audit u/s 44AB is applicable in case of Partnership firm where the net income after Interest on capital and remuneration to partners is less than 8% of Gross receipts for AY 2017-18 and Turnover is less than 1 crore
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
26 October 2017 Yes......... Same is required to get his accounts audited......

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