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
Amol S Joglekar
(Expert)
08 August 2017
your contention is right. You can ask the clarification from the said so called CA
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