26 May 2017
Last year one of my client(individual assessee) had turnover of Rs.1.25.00 cr but since the profit was less than 8% hence audit was conducted(due to section 44AD) Now this year he has paid job work to some party of Rs.180000/-(Turnover is still less than 2 Cr) Please guide me in this regard Thanks
27 May 2017
If turnover is not more than 2 lc return can be filed u/s 44AD.
Expert :
Anonymous
Expert :
Anonymous
(Expert)
27 May 2017
you can opt u/s 44AD as turnover is below 2 crore
Querist :
Anonymous
Querist :
Anonymous
(Querist)
27 May 2017
F.Y.2016-17 turnover of Rs.1.25.00 cr but since the profit was less than 8% hence audit was conducted New year F.Y-2017-18 tds liability for job works