Audit 44 ad
This query is : Resolved
05 March 2013
propritership firm
turnover rs 25 lacs
net profit rs 1.25 lacs
whether audit u/s 44ad is mandatory
turnover rs 25 lacs
net profit rs 1.25 lacs
whether audit u/s 44ad is mandatory
05 March 2013
Dear,
As per sec. 44AD i.e. presumptive basis, we have to show 8% profit. If you show profit less than 8% then you have to maintain books of accounts and audit will be mandatory.
As per sec. 44AD i.e. presumptive basis, we have to show 8% profit. If you show profit less than 8% then you have to maintain books of accounts and audit will be mandatory.
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
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
