Poonawalla fincorps
Poonawalla fincorps

44 ada professional audit

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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.
Profile Image

Bhaskaran Chackrapani Warrier

Profile Image

Bhaskaran Chackrapani Warrier (Expert)
08 January 2018 Yes,but It depends more on what kind of accounting method you were regularly
followed hitherto.
Avatar

Expert : Anonymous

Profile Image
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....
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Nirav Shihora

Profile Image

Nirav Shihora (Expert)
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

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links