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44AD

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12 April 2017 Is it compulsory for the a assessee to maintain books of accounts if he files his return u/s44ad.?

12 April 2017 Return u/s 44AD is filed under no books case hence no requirement to maintain books of account.

12 April 2017 If your business is covered under section 44AD and you do not offer for taxation 8% of turnover / receipts in cash and / or 6% of turnover / receipts in banking channels and your income is above tax limit, then only you need to maintain books and get them audited.




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