44ab
This query is : Resolved
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.
26 July 2018
Tax audit not applicable as more than 8% profit declared and If you are employing people to feed the data
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.
30 July 2018
Profit is more than 8% check it CA Vijay Kumar Gupta
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