!!!!!! really urgent applicability of section 44ad !!!
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2013
This is a really urgent query!!!!!
Is it compulsory to apply section 44AD or does the assessee have the option not to opt for it (turnover around Rs. 7600000 GP ratio
22% NP ratio 4%.
Is it compulsory to apply section 44AD or does the assessee have the option not to opt for it (turnover around Rs. 7600000 GP ratio
22% NP ratio 4%.
29 June 2013
If you declare 4% profit, then you are not eligible for 44AD.
You have to get books of account audited u/s 44AB.
You have to get books of account audited u/s 44AB.
29 June 2013
You can opt for 44AD by showing net profit more than 8%, other wise you need to get your books audited
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