Section 44ad

Malav (Accounts Audit Taxation and Finance )   (49 Points)

27 July 2013  

whether an assessee carrying manufacturing business, having a manufacturing unit, required to conduct TAX AUDIT? 

the assessee is not a company and its turnover doesnot exceed Rs 1 crore in AY 13-14 and the net profit also doesnt exceed 8%.

 

my query is whether the assessee falls within the meaning and definition of eligible assessee doing eligible business?

 

please guide and help! thank you