Applicability of section 44AD(4)
This query is : Resolved
07 October 2019
Dear Sir/Madam,
I have a query in respect of applicability of section 44AD(4)
If an individual had his accounts audited u/s 44AB not beacause of turnover exceeds 1 crore but to show lower profit rate (say less than 6%-8%) for financial year 2016-17 and 2017-18 can he opt to file his incone tax return u/s 44AD for financial year 2018-19??
Please do guide.
I have a query in respect of applicability of section 44AD(4)
If an individual had his accounts audited u/s 44AB not beacause of turnover exceeds 1 crore but to show lower profit rate (say less than 6%-8%) for financial year 2016-17 and 2017-18 can he opt to file his incone tax return u/s 44AD for financial year 2018-19??
Please do guide.
07 October 2019
Provided his turnover for financial year 2018-19 is 1,10,00,000 rupees
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- GSTR9 Annual Return
- Employee secondment
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Ito add credit side of bank
- Reward for festival
- TDS Return Statement Status
- Import of Capital Machine
- Appointment of Auditor By Form ADT-1
- Form 144 TDS Return Validation error
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- Resigning a auditor from the company for misconduct
- LLP audit under companies act
- Concept of Vendor and customner reconciliation
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- INWARD REMITTANCE FOREIGN
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
