banner_ad

44ad limit is after remuneration/interest or before?

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 October 2020 whether tax audit is applicable or not --->

44ad limit of 8% / 6% has to be compared with profit after remuenration and interest or before charging remuneration / interest?

i understand, it should be after remuneration / interest, that profit is to be compard with 8/6% of turnover.
another query===> if 44ad was applicable for asst.1920 but audit was made u/s. 44ab, i understand 5 years i have to get the books audted.

regards, ca kunjan, 9222 9222 92, mumbai
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
05 October 2020 It should be before remuneration / interest, that profit is to be compard with 8/6% of turnover.
It's like this once opted our of 44AD we have to wait for 5 years for opting back to 44AD.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
08 May 2026
Paid Assistants

Quick Taxperts Private Limited

Bengaluru

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
29 April 2026
Associate - Audit, Tax & Compliance

Open Co Consulting LLP

New Delhi

B.Com

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
02 May 2026
Experience Audit Manager

AGGARWAL SAMIR & CO

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details