44AD--recent amendment
lohitha.surisetti (Student CA IPC / IPCC) (220 Points)
11 June 2018lohitha.surisetti (Student CA IPC / IPCC) (220 Points)
11 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 11 June 2018
If you have not closed your business, just in continuation show some turnover u/s. 44AD, to safeguard against any future litigation.
lohitha.surisetti
(Student CA IPC / IPCC)
(220 Points)
Replied 11 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177824 Points)
Replied 11 June 2018
Yes, but difficult to justify when business is not closed, having nil turnover.
Srinivas Pyata
(543 Points)
Replied 11 June 2018