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44ab for Software consulting business

This query is : Resolved 
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(Querist)
06 June 2020 Dear all,

For a Individual business that falls under codes 14001 and 14002 related to software development and software consultancy, having turnover of Rs. 40 lakhs and net profit of around Rs. 11 lakhs,

Can we go ahead with 44ab with actual margin of around 27% and there are genuine books of accounts supporting it.

Or is it must to file under 44ada ?

This query is for Ay 19-20. Kindly advice
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
06 June 2020 Go ahead with 44ab with actual margin of around 27%. File ITR before end of this month.
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C.A. Mayur J. Raiyani

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C.A. Mayur J. Raiyani (Expert)
07 June 2020 Yes you can file under section 44AD
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