Budget 2016- impact on 44ab of limit increased u/s 44ad
utpal jain (article assistant) (34 Points)
17 March 2016utpal jain (article assistant) (34 Points)
17 March 2016
Durgesh Vashisth
(Financial Consultant)
(252 Points)
Replied 17 March 2016
Mr Utpal Jain, As per Sec-44AD nn assessee adopting these provision is not required to maintain the regular books of account and is also exempt from getting the books of account audited.
That's meant Section-44AB not applicable on those assessee who adopting these provision.