When an assesse has a turnover of One Crore Eighty Six lakhs (1,86,00,000), and willing to show a profit of 8%, then is it better to file under section 44Ad or is it better to go for tax Audit report.
10 October 2017
You can opt u/s 44AD as you are ready to declare profit @8% .
However if you pay u/s 44AD then you have to pay int u/s 234 A/B/C as due date is over for same.
Also if you go for tax audit then CA will charge his fees for same which may be higher than Interest.
So better you go for return u/s 44AD.
You have to do less compliance also no need to maintain books of accounts.
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