Sec 44ad and 44ab
Sreevidhya V (405 Points)
26 October 2019business newly started in 2018 September.
his total income for the year 5 lacs as business loss not set off against salary income.
is he liable to maintain books or liable to audit as he declares income less than 8/6% and his income exceeds basic limit.
he is not opting for 44ad section in this year. pls clarify Urgently