44 ada professional audit
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 January 2018
Dear sir,
Can we do the audit of Professionals under section 44ADA on Receipt Basis instead of Accrual Basis.
Can we do the audit of Professionals under section 44ADA on Receipt Basis instead of Accrual Basis.
08 January 2018
Yes,but It depends more on what kind of accounting method you were regularly
followed hitherto.
followed hitherto.
Expert : Anonymous
Expert :
Anonymous
(Expert)
09 January 2018
But,
In case you deal u/s 44ada then no need books of accounts and audit as per the section's proscribed limit...
In case it's exceeding the limit then you ll deal the account as per sec 44AA and 44AB....
11 January 2018
audit can be cone on receipt basis. but auditor to qualify the audit report in this regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Inventory of finished goods
- Confusion around Form 26QB fields
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Filing of Form 10BB instead of Filing Form 10B
- Sale of property furniture sale
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Applicability of Ind As to associate of associate
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- CASE INTIMATION OF LIABILITY UNDER SECTION 73(5)(Rule 142(1A)
Trending Online Classes
CAclubindia
