44ADA and Tax audit
Priyanka (Chartered accountant) (367 Points)
23 May 2018Priyanka (Chartered accountant) (367 Points)
23 May 2018
CA Mayur Todmal
(Practicing CA)
(7645 Points)
Replied 23 May 2018
if you have maintained books of accounts then you can show profit less than 50%, as presumptive taxation apply only if you are filing under section 4ADA.
Priyanka
(Chartered accountant)
(367 Points)
Replied 23 May 2018
But Bar for professionals has been set at 50%. if profit less than that, audit is compulsory as per many people view.
sunil kumar tayal
(articleship)
(24 Points)
Replied 23 May 2018
rama krishnan
(12234 Points)
Replied 23 May 2018
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