section 44AD

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Hitesh Agarwal

Hitesh Agarwal (Querist)
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22 June 2011 Is section 44AD applicable to profession?

CA KRISHNA KUMAR DARUKA

CA KRISHNA KUMAR DARUKA (Expert)
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22 June 2011 No it is not applicable

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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22 June 2011 agree with experts

Recently, the Section 44AD has been revised and now it is applicable to all businesses instead of only to civil construction business. On the other outset, limit of tax audit u/s 44AB is increased to Rs. 60 lakh from earlier limit of Rs. 40 lakh.

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