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section 44AF

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19 September 2008 CAN AUDIT UNDER SECTION 44AF CONDUCTED, IF A PERSON COVERED UNDER SECTION 44AF HAS TURNOVER LESS THAN FOURTY LACS?
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
19 September 2008 Yes, as per section 44AF, sub-section 5, one has to get the books of accounts audited u/s 44AB if the Profit and Gains from business are claimed at a rate less than 5%.

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