If assessee maintains books of account in computerized form and in Asst. Year 2013-14, its books of account is damaged. Due to this his business's AUDIT is not possible.So, What would be the causes????
And Whether he opts Presumptive Tax System during AY 13-14 as his A/c is not available due to unavoidable causes.????
07 October 2013
ditor will refrain from giving any opinion and if sec 44AD applies and all condition in it is satisfied then yes can opt for 44AD in this case also.
07 October 2013
from ur cash incomes and from bank statements and from other available sources find out the total gross receipts, it should be less then rs 1 crores.