23 July 2012
is there any disadvantage to adopt 44AD while paying tax, having turnover less than 60,00,000..? should one adopt it or not, pls rep.......
23 July 2012
If you adopt 44AD, you have to pay tax on total income of Rs 480000 i.e., 8% of Rs 6000000. so if you think that your total income is less than 8% than you should have to maintain proper books of accounts & have to audited the same.
CAclubindia
