29 July 2023
Our is Chartered Accountant Firm having fees below Rs.50 Lakhs We are not opting for presumptive taxation u/s 44ADA
Software through we are compiling and filing Income Tax Return gives following warning As the profit is less than 50% of the Turnover, you are liable to get your accounts audited u/s 44AB. Hence, get your accounts audited, fill up Tax audit data in 'ITR Data entry' window and '3CD' window and select the Due date as '31-Oct-2023 - Audit case' in 'Home' page. Alternatively, declare minimum profit of 50% on Turnover u/s 44ADA. However, if you disagree, you can ignore this warning and generate ITR.
CAclubindia
