Requirement of audit u/s 44ad

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 August 2011 One retailer's annual sale is 50 Lac and he maintains books of accounts. If he presumes section 44AD and declares less profift less than 8%. Can he declare his actual income on the books of accounts without going into audit of accounts?

19 August 2011 if you want to declares profit less than 8% than you have to go for audit your accounts from a CA.

19 August 2011 Agreed with Amit




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries