it assessess sec 44ada provision and sec 44ad provision two sections itr filed every year.it person cash un secured loans from different creditors rs:50 lacs amount received
question:
selection of scrutiny provision applicable in it act
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Ion of scrutiny provision applicable in it act
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if you are covered under 44ADA, you are not allowed to claim any benefits under 44AD. be always clear about this.
If there are cash transactions > 50 lakhs, you will end up receiving a notice.
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