CA NeWs Beta*: Good news-Audit under Sec 44 AD

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Monday, March 19, 2012

Good news-Audit under Sec 44 AD

Budget 2012 by Hon'ble FM has blessing in disguise.
>>44AB Audit below 1.00 crore would now be audit u/s 44AD and out of
>>threshhold limit of 45 Audits.  By this measure the FM has indirectly
>>increased your limit of Tax Audits.

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