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Section 44 ab and 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 March 2013 IF TURNOVER OF ASSEESSEE BUSINESS IS RS 88 LAKHS DURING THE FINANCIAL YEAR 2012-13. ASSESSEE WISH THAT HE WILL DISCLOSE 8% OF PROFIT ON TURNOVER U/S 44AD.

SO WHAT MY QUESTION

IT IS CUMPLOSARY OR NOT TAX AUDIT U/S 44AB.
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Pankaj Joshi

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Pankaj Joshi (Expert)
19 March 2013 If profit is shown at 8% or more than Tax Audit is not required. Wait for some other replies.

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