44ab applicability

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is it compulsory to declared 8% profit if I have business, and what if I am not declared 8% profit and not opt 44AD (turnover is below 1 crore)
Replies (2)

Not compulsory for 6/8% profit margin, if the assessee had not opted out from sec. 44AD, in any previous year, (including current) before completion of 5 years continuously.

maintain books of accounts and pay actual tax 


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