44ad


This query is : Resolved 

(Querist)
30 December 2015 Is there any need to read section 44AD with 44AB?

Arpit Shah (Expert)
30 December 2015 https://taxguru.in/income-tax/advance-learning-section-44ad-theory.html

Arpit Shah (Expert)
30 December 2015 https://taxguru.in/income-tax/faqs-tax-audit-section-44ab-income-tax-act-1961.html

04 October 2021 Yes, in case of profit margin of an eligible business is less than 8%, and the total income of the eligibile assessee is above basic exemption limit.


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