Presumption income u/s 44 AD

Originally posted by : jac
	is audit compulsory in my case u/s 44 AD for financial year 2017-18, if(1) my taxable income (8% of turnover) is rs. 200000 ?(2) my taxable income is (8% of turnover) is rs 400000 ?

Your query is not cleared

Originally posted by : RAJA P M
	Originally posted by : jac is audit compulsory in my case u/s 44 AD for financial year 2017-18, if(1) my taxable income (8% of turnover) is rs. 200000 ?(2) my taxable income is (8% of turnover) is rs 400000 ?   Your query is not cleared

Yes the query is not clear.

Originally posted by : Hitesh
	No audit is not applicable if your declaring 8/6 percentage of turnover. However if income declared is below these percentage then audit is mandatory

Can You explain "How to You give this answer...???".

Bcoz, I'll improve myself...!!!

Originally posted by : Hitesh
	Simple Raja sir read provisions of sec 44AD and ull be able to answer. Hope this helps

Okay dear... Thanks for the respose and "THE CORRECT ANSWER WITH SECTION"

Querist also satisfy this anwer if his total income Rs. xxxxxxxx

Originally posted by : Hitesh
	Simple Raja sir read provisions of sec 44AD and ull be able to answer. Hope this helps

Querist also referred the section. So, No more risky for Your reference...

But., I asked "How to You give the above said answer....?"

Originally posted by : Hitesh
	Not able to get your query Raja sir

Nice Dear... Enjoy with Your efforts...

>>> GOOD LUCK <<<

Dear Sir,

Tax Audit is not applicable in both the cases as the turnover is less than 2 Crores.

First Scenario : Turnover will be 25 Lakhs.

Second Scenario : Turnover will be 50 Lakhs.

Thanks