Applicability of 44ab
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2018
Dear Sir/Madam,
My Assessee (Partnership ) having turnover lessthan 1 Cr and Profit is less than 8%,He has not opted Presumptive Scheme for any of the previous years.So whether 44AB is applicable for the AY 2018-19??if applicable, on what ground??
My Assessee (Partnership ) having turnover lessthan 1 Cr and Profit is less than 8%,He has not opted Presumptive Scheme for any of the previous years.So whether 44AB is applicable for the AY 2018-19??if applicable, on what ground??
Nikhil Kaushik
(Expert)
05 September 2018
if the firm has been doing regular filings with books of accounts, audit won't apply in this case.
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