ELDER CARE STORE (1 Points)
07 December 2021I had a audit in AS year 18-19 that time my partner ship firm turnover around 1 cr. But after next year because of covid nd all effect turnover reduce to 50 lakh .
My question is is it compulsory to make a audit if turnover didnt goes up to 1 cr..can i file a simple return ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(179969 Points)
Replied 07 December 2021
Yes, you can provided sec. 44AD(4) of the act, has not been attracted in any preceding year/s.
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