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Dear Experts As per Section 44AB, Tax Audit is compulsory if the gross receipts are more than 1 Crores for the FY 2013-14 As per section 12A, Audit Report in Form 10B is to prepared in case of a society. Now my query is if an educational society is having gross receipts of more than 1 Crores than audit report under both the sections is to be prepared or only under section 12A is to be prepared in Form 10B Early response from experts is awaited. Thanx in advance |
