44 ada professional audit


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Querist : Anonymous

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Querist : Anonymous (Querist)
08 January 2018 Dear sir,

Can we do the audit of Professionals under section 44ADA on Receipt Basis instead of Accrual Basis.

08 January 2018 Yes,but It depends more on what kind of accounting method you were regularly
followed hitherto.

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Expert : Anonymous

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Expert : Anonymous (Expert)
09 January 2018 But, In case you deal u/s 44ada then no need books of accounts and audit as per the section's proscribed limit... In case it's exceeding the limit then you ll deal the account as per sec 44AA and 44AB....

11 January 2018 audit can be cone on receipt basis. but auditor to qualify the audit report in this regards


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