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TAX AUDIT FOR PARTNERSHIP FIRM

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(Querist)
14 September 2019 A Contractors Firm earned Rs.10 Lakhs in the F Y 2018-19. He wants to show profit less the 8% on turnover.
Is he need to go tax audit u/s 44AB?
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Gokul Sharma

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Gokul Sharma (Expert)
14 September 2019 if you showing income less then the limit prescribed u/s 44ad
you need to get books of account audited.

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