44ab & 44ad
This query is : Resolved
Querist : Anonymous
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 .
06 August 2018
Can opt 44AD provided you are an 'eligible assessee' and doing an 'eligible
business' as defined in the said section.
business' as defined in the said section.
07 August 2018
audit won't be required in this case. just offer under 44AD. File ITR-4 if possible.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Gift of mutual fund units to daughter
- Under construction property in ITR
- Not able to file ITR
- Building tax payment deduction in rental Income
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
