I am a doctor
my gross receipts exceeds 50 lacs
my net profit is more than
52%
CA Says audit complusory
is it ok
44ad & ada tax audit
Yogesh Patel (32 Points)
27 July 2019
11 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184641 Points)
Replied 27 July 2019
Yes.... as per sec. 44AB of IT act, whenever professional receipt exceed 50 lakhs...
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 27 July 2019
1. As per sec 44AB in case of a person who is engaged in the profession if his gross receipts exceed Rs. 50 lakhs during the year, he is required to carry out tax audit mandatorily.
2. In your case doctor is a profession and since gross receipts exceed Rs. 50 lakhs tax audit as per sec 44AB is compulsory. The time limit for filing a return will be 30.09.2019.
Please correct me if the above solution has an alternative view.
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 27 July 2019
Yes... I agreed to Shri Dhirajlal Rambhia Sir...
SURENDRA SINGH BHATI
(PROPRIETOR)
(24 Points)
Replied 28 July 2019
CAPACITY OF TRUCK 40 TUN BUT UNLEDEN WAIT 10MT IS THIS HEAVY VEHICLE OR LIGHT VEHICLE
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184641 Points)
Replied 28 July 2019
Heavy Vehicle. Consider Gross Weight as per RTO permission.
SURENDRA SINGH BHATI
(PROPRIETOR)
(24 Points)
Replied 28 July 2019
But in sec 44 AE written Weight of gross vehicle and unleden wait not the capacity of vhicle..
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184641 Points)
Replied 28 July 2019
On that point clarification required to be issued by CBIC, as the phrase is just copied from RTO act.
Rahulmagic
(19 Points)
Replied 28 July 2019
Dear sir, please guide whether digital marketing is covered under section 44ada for presumptive taxation.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(184641 Points)
Replied 29 July 2019
Yes, it can be assessed u/s. 44ADA..... code '14005'
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