44AD VS 44AB WITHIN 5%LIMIT OF DIGITAL TRANSACTION
This query is : Resolved
03 September 2025
ASSESSEE HAVING TURNOVER 85 LAKH HAS FILED ITR BY AVAILING BENEFIT OF 44AD FIRST TIME IN A.Y. 24-25 AND IN A.Y. 25-26 TURNOVER IS 3.80 CRORE (DIGITAL TRANSACTION WITHIN 5% LIMIT)
Q1 . IS AUDIT BECOME COMPULSORY IN AY 25-26 AS ASSEESSEE HAS OPTED OUT FROM 44AD IN AY 25-26 EVEN IF TURNOVER IS WITHIN 5% LIMIT OF DIGITAL TRANSACTION
Q1 . IS AUDIT BECOME COMPULSORY IN AY 25-26 AS ASSEESSEE HAS OPTED OUT FROM 44AD IN AY 25-26 EVEN IF TURNOVER IS WITHIN 5% LIMIT OF DIGITAL TRANSACTION
03 September 2025
Tax audit is not applicable
a. As sec. 44AD is not applicable due to exceed the 3 cr. limit..
b. Tax audit u/s. 44AB(a) not applicable if digital transaction are 95% or more.
Tax audit u/s. 44AB(a) applies if digital transactions are just 5%...
a. As sec. 44AD is not applicable due to exceed the 3 cr. limit..
b. Tax audit u/s. 44AB(a) not applicable if digital transaction are 95% or more.
Tax audit u/s. 44AB(a) applies if digital transactions are just 5%...
20 September 2025
Good Luck..
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