44AD
Page no : 2
SabuCS
(soleproprietorship)
(45 Points)
Replied 13 September 2017
If an assessee doing business or profession if his income is less than 8% of turnover or gross receipts then tax audit is compulsory. While calculating 8% if the income itself is below taxable limit tax audit is not necessary.
Suresh Pai S
(Tax Consultant)
(1029 Points)
Replied 13 September 2017
Check the new amendment. There is change.
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