CA Day celebration 2024 Easy Office
LCI Learning

section 44 AD

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 July 2011 One of my client having turnover of Rs.40.00 Lacs & showing the net profit of Rs.1.50 Lacs for the A.Y.2011-12.Prop. having no any other income. In this case assessee require the audit u\s 44AD or not.

If assessee has get done the audit then TDS provision applicable or not.

This type of audit was calculated in the specified limit of 45 or not.

which date was last date for filing the income tax return.

Please solve the problem.

17 July 2011 As net profit is less than minimum chargeable to tax no audit is needed u/s 44AD.



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