17 October 2024
Financial Year 2023-2024 An Individual Chartered valuer earns professional fees Rs.47,95,884/- and made an export sale of Polyester Curtain Rs. 4,44,825/-. 1) Is he required to get his account audited. 2) If yes, how it is possible, as the last date of submission is over. 3) He got a notice - Your Income-Tax Return has been identified under risk management process of the Income-Tax Department. Your confirmation is required on the following claim(s)/ deduction(s)/omissions in the return. Reason "Refund claim in violation to section 44ADA" Please advice me what to in this situation.