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44ad/ 44ada

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2017 Iam having turnover less than 1 crore . I am not opting 44AD presumptive . Am i liable for tax audit if i offer less than 8 % as profit ?
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 August 2017 yes. You need to get your accounts audited.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
01 August 2017 Amol Ji

Pl give the section reference also.
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Amol S Joglekar

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Amol S Joglekar (Expert)
01 August 2017 @ B.Chackrapani Warrier Sir. Thank you for your valuable suggestion. I will definitely try to give the reference.
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Studentsca

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Studentsca (Expert)
01 August 2017 As per me no, if you fill form ITR 3.
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