Sec 44ad
This query is : Resolved
19 August 2013
I am labour contractor providing labours to companies. Whether sec 44AD is appicable to me or not pls guide. & if the turnover is more than 1 cr tax auidt is compulsory or not pls guide
19 August 2013
In case your turnover is above 1 Cr then tax audit is applicable to you and if it is below 1 Cr you can take the help of 44AD by showing 8% profit on your turnover but if the turnover is less than 1Cr and your profit is also less than 8% of Gross turnover then also you have to get your accounts audited u/s 44AB
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
- Manual Rectification through AO
- IT Return filed defective u/s 139 (9)
- Fixed Deposit Claim Relinquishment by the Nominee
- Defective Return - Tds on advance
- Not a CA , can we prepare balance sheet
- Income Type for interest from government bonds
- TDS RATE ON RENT PAID TO NRI
- TCS ON SOFTWARE SALES
- Gstr 9 2023-24
- Tax complication when received my money which was given to relative without consideration on their n
- PAYMENT TO OPEN AI AND ENVATO ELEMENT
- FREELANCING ACCOUNTANT
- From 15CA for remittance by domestic travel agent by to Foreign Destination Management Company.
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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
