44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 November 2011
In the case if Net profit is less than 8 % so audit is required u/s 44AB. This audit is
count under threshold limit i.e. 45 maximum limit. ...
count under threshold limit i.e. 45 maximum limit. ...
CA Navin Jain
(Expert)
19 November 2011
Tax audit u/s 44AB in case of presumptive taxation is NoT counted as per decision of the Council.
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