44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2017
ONE OF MY CLIENT IS TRADER. His Gross turnover is less than 1 crore in F.Y. 2016-17. & he shown Less than 8% profit of his turnover.
My question is that whether 44 AD applicable on them.
and if he does not applied 44AD then what consequence was arises.
My question is that whether 44 AD applicable on them.
and if he does not applied 44AD then what consequence was arises.
Amol S Joglekar
(Expert)
29 June 2017
44AD is applicable if his business falls under "eligible business"
Get the accounts audited if the profit is less than 8%
Get the accounts audited if the profit is less than 8%
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