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tax-audit-44ad-turnover-less-60-lacs

below is only  a broad  write up in layman language as 44ad is inviting lot of querries to us for assessment year 2011-2012.

Section 44ad requires  businessmen to get their accounts audited u/s. 44ab if their net profit is less than 8% of their sales. 

The i.tax return ( itr 4 as sugam) for this is enclosed below as attachment.

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