44ada no accounts case
This query is : Resolved
28 August 2019
For a professional covered under 44ADA, gross receipts are 7,50,000.
So will offer 3,75,000 under 44ada...
Books of accounts under 44AA will be: No
Tax audit: No
So if were are filling " balance sheet and pnl no accounts case f", is there a chance to receive notice for not maintaining books of accounts as income crosses Rs. 1,20,000...
Kindly advice...
So will offer 3,75,000 under 44ada...
Books of accounts under 44AA will be: No
Tax audit: No
So if were are filling " balance sheet and pnl no accounts case f", is there a chance to receive notice for not maintaining books of accounts as income crosses Rs. 1,20,000...
Kindly advice...
29 August 2019
No, you will not receive notice as you opted for presumptive scheme.
Message likes :
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29 August 2019
since you have opted for 44ADA, you will NOT receive notice.
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