Last three years opted 44ad for my business. This year I stopped buisness and joined a job. Wheather I need to go for audit this year???
3 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 06 September 2023
No, you don't need to do an audit in CY if profit from business is more than 8%. If you need to discuss this in detail, then please check your inbox.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 06 September 2023
You may file ITR-1 instead of ITR-4.
If you want to continue 44AD then declare notional Income under 44AD
If you want to continue 44AD then declare notional Income under 44AD
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 06 September 2023
Yes I agreed with Mr Eswar Reddy,
@ Jai shree Narayan,
No need audit,You can file ITR 1
@ Jai shree Narayan,
No need audit,You can file ITR 1
Recent Topics
- GST on consultancy
- Linking adhaar to UAN without employer
- WHETHER ITC REVERSAL TH. GSTR 3B OR DRC03
- Advance Tax For Freelancers
- Is fvu 8.8 version available ?
- Interest and penalty on advance tax shortfall
- Joint Account with 3 legal heirs.......
- TCS adjustment
- GST audit and scrutiny
- GSTR9 Table 8 - 8A and 8B difference is 4D(1). in
Related Threads
CAclubindia
