Audit or book maitain or 44ad
This query is : Resolved
27 July 2013
partenership business is running for manpower supply services f.y 12-13 t.o 50lakh .tds 47000 appro. if we are maintain book of a/c. and profit lower than 8% then get audit or not. pls reply ealier . i am confuse sec 44ad mahesh shah bavla ahmedabad
28 July 2013
Please maintain the books and get them audited from a qualified Chartered Accountant.
Please do not get confused over such issues and believe in employing your good time for development of business.
Please do not get confused over such issues and believe in employing your good time for development of business.
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13 August 2013
Section 44AD(5) read with Section 44AB provides that if an assessee claims income less than 8%, he is required to get his accounts audited.
Accordingly, if you show income less than 8%, then you are required to get your accounts audited.
Accordingly, if you show income less than 8%, then you are required to get your accounts audited.
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