A PERSON IS RUNNING A BUSINESS WHICH IS AUDITABLE AS NET PROFIT IS BELOW 8%.
ALONG WITH THIS, HE HAS TRUCKS FOR WHICH HE WANTS TO SHOW PRESUMPTIVE INCOME U/S 44AE....
DO WE HAVE TO SHOW TRUCK INCOME IN OUR AUDIT REPORT ??? OR JUST PREPARE THE AUDIT REPORT CONSIDERING BUSINESS 1 AND SHOW THIS INCOME AS WELL AS INCOME U/S 44AE IN THE ITR....????
IMMEDIATE REPLY IS VERY MUCH APPRECIATED.... THANX IN ADVANCE.....
CAclubindia
