FAHEEM AKRAM (293 Points)
25 August 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 25 August 2018
Unless opted for sec. 44AD in preceeding year/s, tax audit u/s. 44AB not applicable when business TO is below 1Cr.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 25 August 2018
Even if you opt for section 44AD in AY 2018-19. tax audit not applicable, but have to declare minimum 6/8% profit.
FAHEEM AKRAM
(293 Points)
Replied 25 August 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177713 Points)
Replied 25 August 2018
Not mandatory ...
But if total income exceed BEL, audit may be asked for.
CA Bhavik Soni
(867 Points)
Replied 25 August 2018
CAclubindia
