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44AD Opting

This query is : Resolved 
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(Querist)
16 July 2023 Can an assessee opt 44AD and declare a profit higher than 8%.
Also what is tax audit applicability for FNO transaction.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 July 2023 1. Yes.
2. For turnover above 10 Crs., it is mandatory.
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VIKHAS RAVI

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VIKHAS RAVI (Querist)
16 July 2023 Thank you sir.........
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
16 July 2023 Most welcome...

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