Please Help: Tax Audit
Posted Date : 18-Jul-2013 , 03:05:20 pm | Posted By: ANKUSH
Category :
Audit | Answers :
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Whether a Partnership Firm having loss is subject to tax audit u/s 44AD |
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| Posted By : SUBHASH KUMAR JHA |
19-Jul-2013, 12:33:14 |
| As per section 44AD if any person opt for presumptive taxation scheme then they neither needs to maintain books of account nor get their accounts audited
So you don't need to Tax Audit |
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| Posted By : Arun Garg |
18-Jul-2013, 07:26:25 |
| yes, tax will be conducted as the firm has not shown presumtive 8% profit |
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