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?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167616 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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