Audit report under section 44ad
This query is : Open
17 June 2013
The e-filing of audit report under section 44AB has been made mandatory from A.Y. 2013-14
Will audit report under section 44AD be required to be filed electronically since, section 44AD (5) states that an audit report for an audit conducted under section 44AD will be furnished as required under section 44AB?
Also, please tell me the required format for audit report under section 44AD?
Will audit report under section 44AD be required to be filed electronically since, section 44AD (5) states that an audit report for an audit conducted under section 44AD will be furnished as required under section 44AB?
Also, please tell me the required format for audit report under section 44AD?
17 June 2013
The following persons are required to get their accounts compulsorily audited:
1. Person carrying on business if his total sales, turnover or gross receipts exceeds Rs.60 lacs in the previous year relevant to the assessment year;
2. Person carrying on profession, if his gross receipts in profession exceeds Rs.15 lacs in the previous year relevant to the assessment year;
3. Person covered under section 44AE, 44BB or 44BBB, if such person claims that the profits from the business is lower than the profits computed under these sections;
4. Person covered under section 44AD, if such person claims that the profits from the business is lower than the profits computed under this section and his income exceeds the maximum amount not chargeable to tax.
The following persons are required to get their accounts compulsorily audited:
1. Person carrying on business if his total sales, turnover or gross receipts exceeds Rs.60 lacs in the previous year relevant to the assessment year;
2. Person carrying on profession, if his gross receipts in profession exceeds Rs.15 lacs in the previous year relevant to the assessment year;
3. Person covered under section 44AE, 44BB or 44BBB, if such person claims that the profits from the business is lower than the profits computed under these sections;
4. Person covered under section 44AD, if such person claims that the profits from the business is lower than the profits computed under this section and his income exceeds the maximum amount not chargeable to tax.
Message likes :
1 times
17 June 2013
Can u please tell me the required format for audit report under section 44AD?
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Import license renewal
- Credit profit and loss account in case of bonus share received
- How to determine cost of acquisition of shares on De-merger or Merger
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
