44ab audit
This query is : Resolved
02 November 2014
I AM BUS OPERATOR WITH 6 BUS WITH TOTAL COLELCTION OF RS 48 LAKHS WHETHER I SHOULD GET MY BOOKS AUDITED UNDER 44 AB OR I CAN DECLARE PRESUMPTIVE INCOME OF RS 2 LAKHS PER YEAR PER BUS PLEASE GUIDE ME
Nikhil Kaushik
(Expert)
02 November 2014
you can offer presumptive income on this. Audit is not applicable as turnover is below 44AB limits
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