Easy Office
LCI Learning

Audit & section 44ad

This query is : Resolved 

13 July 2018 Suppose i am dong business of Kirana .....
My annual turnover goes around 70 lakh....
and profit % is 1%....
so i can not go for 44AD ...otherwise i would have unnecessary tax liability.....
so whether audit is mandatory for me ????
OR I can go for any other option ??????

13 July 2018 Yes, audit is mandatory in the above scenario.

13 July 2018 whether he can not directly fill ITR 3 & show his profit n that ??????




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries




Answer Query