44ad for firns for the ay 2017-18

This query is : Resolved 

14 October 2017 what is fate of partnership firms opting 44ad if turnover is 80 lakhs. for AY 17-18 not allowing partners remuneration and int not allowed. will they pay huge amount of tsx

14 October 2017 Yes...
You are exactly correct...

Why not you can file u/s 44 ab....?

14 October 2017 opting for 44 ab there may be a chance of scrutiny. previously opted for 44ad and now 44ab below 8% of turnover.


17 May 2018 The only option is to maintain books of accounts and get the accounts audited. Scrutiny is not something to be afraid of if your documents are strong and valid.



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