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44ab & 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2018 One Of My Client Had Turnover Rs-10600000 & Net Profit Rs-910000 (More than 8%). Then In this Case It is Compulsory to Get Books Of Account Audited U/s 44AB & Then File Return OR File Return Without audit (As Profit Is More Than 8% As Per 44AD ) . I Confused Please Guide me .
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
06 August 2018 Can opt 44AD provided you are an 'eligible assessee' and doing an 'eligible
business' as defined in the said section.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
07 August 2018 audit won't be required in this case. just offer under 44AD. File ITR-4 if possible.
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