Tax audit u/s 44ad(5)
This query is : Resolved
30 July 2014
A individual having turnover 52 lacs and net profit Rs. 1.8 lacs, income from other sources Rs. 80000/-. GTI comes to Rs. 2.6 lacs, whether liable to audit u/s 44AD, if yes then time limit for filing return. Experts pls advice
31 July 2014
yes. audit is applicable. due date is 30 sept 2014
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