24 September 2017
As per amendment in section 44AB(d) does the persons having turnover of less than 1 crore require to get accounts audited if his turnover is less than 8.??
24 September 2017
U/s 44ab (d):
carrying on the business shall, if the profits and gains from the business are deemed to be the profits and gains of such person under section 44AD4 and he has claimed such income to be lower than the profits and gains so deemed to be the profits and gains of his business and his income exceeds the maximum amount which is not chargeable to income-tax in any previous year,]
Account ll be Audit required...
CAclubindia
