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
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