I have my client as a partnership firm in which turnover is 15L and there is loss of around 1.2L. Whether tax audit is compulsory in this case? If yes, under which section?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 28 August 2018
Only if assessment declared under sec.44AD in precceing year/s, tax audit will be applicable by sub.sec 44AD(4) & (5)
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