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44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2012 is there any disadvantage to adopt 44AD while paying tax, having turnover less than 60,00,000..? should one adopt it or not, pls rep.......
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CA CKP

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23 July 2012 If you adopt 44AD, you have to pay tax on total income of Rs 480000 i.e., 8% of Rs 6000000. so if you think that your total income is less than 8% than you should have to maintain proper books of accounts & have to audited the same.
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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2012 Thanks alot......
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