Can i opt for Section 44ADA if have 50 lakh + consulting turnover and declaring more then 50% profits or any other way to avoid audit and accounting.
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 30 August 2023
As per Your query...
50 lakhs + income then its under Audit
50 lakhs + income then its under Audit
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 30 August 2023
Consultancy covered under profession. But to avail 44ADA turnover should not be more than 50Lakhs for FY -2022-23.
Hence you can't avail the benefit of 44ADA
Hence you can't avail the benefit of 44ADA
Recent Topics
- GST Invoices Series
- FILING OF ITR AY 20-21
- CLAIMING OF U CLAIMED RCM
- Building construction works
- REGARDING GSTR-9 F.Y 2023-24
- Rectification to decrease income in SCHEDULE OS
- Can Statutory Auditor of a subsidiary become concu
- Client Asking for the Revised Invoice
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
Related Threads
CAclubindia
