Applicability of Sec 44AD
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 June 2011
Whether section 44AD is applicable to manufacturing unit (individual) or to Job worker (individual) if his total turnover exeeds 10 lacs and less than 60 lacks. Is it mandatory to get the accounts audited if income is less than 8% but books of accounts maintained?
CA PARAS BAFNA
(Expert)
29 June 2011
Section 44AD is applicable in both the cases.
According to Section 44AD it is compulsory to get the accounts audited.
According to Section 44AD it is compulsory to get the accounts audited.
Mayur Agrawal
(Expert)
29 June 2011
audit required
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