I want you comment for " Section 44AD is compulsury or not" If i have turnover of Rs 50 lacs & profit is below 8% i.e. 4% and my total income is Rs. 3 lac. Shall i get my accounts audited or not????? And what if i have maintained all books of account and not opt for Sec 44AD
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Section 44ad
Replies (8)
Yes, it needs to be audited
Yes you need to get your books audited u/s 44AD........
Its good that you have maintained all books of accounts, it will be easier for auditor to audit
If profit is below 8% then it needs to be audited.
Agree with previous one's
Must have to Maintain books of acc*nt & got Tax audit by CA before 30 septmbr as u want to show Profit belw 8%
Yes if your profit is below 8% then you must maintenance of book of accounts & same should be get audited by CA.
Yes if Ur profit is below 8% then u must maintenance of books of accounts same should be get audited by CA
Yes, u required maintain books of accounts s as per sec. 44AA of IT act 1961 & mandatory audit as per sec. 44 AB
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