44ad & loss
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 August 2017
I WONDER.....
HOW CA....FILED RTN UNDER 44AD....
IF GROOSS RECPRT 5 LAC....PROFIT 2000...THEN REQUIRE AUDIT U/S 44AD....
BUT ...AFTER PROVISION......
SHOWS NET LOSS....
THEN NOT NEEDED TO AUDIT U/S 44AD & NOT REQUIRED TO MAINTAIN BOOKS OF A/C....
I WONDER & NOT UNDERSTAN ...LAW...
IF TURNOVER OR GROOS RECPT......NP SHOULD BE 8% OR MORE...IF LESS ....THAN TO BE AUDITED.....
IF SHOWS ....NET-LOSS....THEN NO NEED TO AUDIT U/S 44 AD....
EML...LOOK4U@REDIFFMAIL.COM
HOW CA....FILED RTN UNDER 44AD....
IF GROOSS RECPRT 5 LAC....PROFIT 2000...THEN REQUIRE AUDIT U/S 44AD....
BUT ...AFTER PROVISION......
SHOWS NET LOSS....
THEN NOT NEEDED TO AUDIT U/S 44AD & NOT REQUIRED TO MAINTAIN BOOKS OF A/C....
I WONDER & NOT UNDERSTAN ...LAW...
IF TURNOVER OR GROOS RECPT......NP SHOULD BE 8% OR MORE...IF LESS ....THAN TO BE AUDITED.....
IF SHOWS ....NET-LOSS....THEN NO NEED TO AUDIT U/S 44 AD....
EML...LOOK4U@REDIFFMAIL.COM
08 August 2017
your contention is right. You can ask the clarification from the said so called CA
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Taxation on LTCG for property sold after 24JUL2024
- GST ON DAMAGED GOODS
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- REGARDING GST LIABILITY/....
- STCG FOR GOLD ETFs
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
