44ad related
This query is : Resolved
16 December 2015
My Client having turnover 50 Lacs Approx. & as per 44AD profit should be 4 lacs but if he want to declare profit below taxable limit i.e. 2 Lacs whether Tax audit is Compulsory ?
And in Same Case any provision which is conflicted with 44AD Compulsory Audit ?
And in Same Case any provision which is conflicted with 44AD Compulsory Audit ?
16 December 2015
dear you have to go for tax audit if you want to show profit below 8%. It is mandatory to do so.
In such case you have to maintain proper books of accounts.
In such case you have to maintain proper books of accounts.
16 December 2015
No tax audit is required if your total income below basic exemption limit.
17 December 2015
Mr. Seetharaman
Sir PLS refer section 44AD
Sir PLS refer section 44AD
18 December 2015
Mr. Ankur Singhal refer the provisions of section 44AB.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Sale of property furniture sale
- RCM INVOICING FROM NOV-2024
- GST Regis.
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING ACCOUNTING CODE FOR SERVICE TAX PAYMENT
- Redevolpment of bldg in mumbai
- Refund of AY 22-23
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
