44ab

This query is : Resolved

SUBHASH KUMAR AGGARWAL (Querist)
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25 July 2018 AMOUNT RECEIVED FROM OUTSIDE INDIA REGARDING DATA FEEDING WORK . AMOUNT IS 39 LACS WHEATHER TAX AUDIT OR NON TAX AUDIT. PROFIT IS 8 LACS.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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26 July 2018 Tax audit not applicable as more than 8% profit declared and If you are employing people to feed the data

CA Vijay Kumar Gupta

CA Vijay Kumar Gupta (Expert)
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30 July 2018 I beg to differ with R. Seetharaman Sir. In my opinion, You need to get your accounts audited u/s 44AB r/w Sec 44AD as your income fall below to 8% of your turnover.

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CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 July 2018 Profit is more than 8% check it CA Vijay Kumar Gupta