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EASYOFFICE

44ab audit

This query is : Resolved 
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(Querist)
02 November 2014 I AM BUS OPERATOR WITH 6 BUS WITH TOTAL COLELCTION OF RS 48 LAKHS WHETHER I SHOULD GET MY BOOKS AUDITED UNDER 44 AB OR I CAN DECLARE PRESUMPTIVE INCOME OF RS 2 LAKHS PER YEAR PER BUS PLEASE GUIDE ME
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 November 2014 you can offer presumptive income on this. Audit is not applicable as turnover is below 44AB limits

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