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Question ID : 44332

442629

A partnership firm incorporated during FY 20-21 has nil turnover and nominal interest income (IFOS) from FD. It is not allowed to opt 44AD since T.O. is Nil. whether audit U/S 44AB is required ?

Posted by DEEP KUMAR GUPTA on Jul 23, 2022

Filed Under DIRECT TAXES

Answer ID : 83544

Pls Ignore the query

Posted by DEEP KUMAR GUPTA on Jul 23, 2022
Answer ID : 83672

no

Posted by CA JEET REWRI on Aug 31, 2022