Section 44ad

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whether an assessee carrying manufacturing business, having a manufacturing unit, required to conduct TAX AUDIT? 

the assessee is not a company and its turnover doesnot exceed Rs 1 crore in AY 13-14 and the net profit also doesnt exceed 8%.

 

my query is whether the assessee falls within the meaning and definition of eligible assessee doing eligible business?

 

please guide and help! thank you

Replies (1)
Eligible assessee includes manufacturing activity. Audit us 44ad will be applicable in your case


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