Tax Audit in case of Loss

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  1. Sai Karthik

    Sai Karthik New Member

    Hi friends i've a doubt, pl clarify..
    One of my client has a Partnership firm and their sales for the year is 50laks with a loss of 1.4laks..My query is -1.4laks is obviously less than 8% of gross receipt/sales so does it comes under tax audit.. If yes how, if no how.??
  2. king999maker

    king999maker Active Member

    not required
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