Audit Applicability us 44AB
This query is : Resolved
Quick Summary
22 August 2025
🔍 Breakdown of Your Income Details:
Particular Amount (₹)
Presumptive Business Turnover (44AD) ₹1.30 crore
Presumptive Income @6% (u/s 44AD) ₹7,80,000 as my cash transaction <5%
F&O Trading Turnover (Non-Speculative) ₹6.20 lakh
F&O Trading Loss ₹1,14,000 (Loss)
Other income ₹14,000
Can i show my main business in 44AD and F&O loss in normal PGBP income ? To avoid audit requirements?
Particular Amount (₹)
Presumptive Business Turnover (44AD) ₹1.30 crore
Presumptive Income @6% (u/s 44AD) ₹7,80,000 as my cash transaction <5%
F&O Trading Turnover (Non-Speculative) ₹6.20 lakh
F&O Trading Loss ₹1,14,000 (Loss)
Other income ₹14,000
Can i show my main business in 44AD and F&O loss in normal PGBP income ? To avoid audit requirements?
22 August 2025
Yes.
22 September 2025
Good luck..
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Depreciation of fixed assets- coop housing society in mumbai
- Eway bill generation from place other than registeted
- Query – TDS on purchase of land from NRI under Income-tax Act, 2025
- DIN reactivation
- Condonation . E-Verification of last year return .
- GST rate and HSN code for sale of racing horses
- Management System (IMS)
- TDS Return Q1 FY 2026-27
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
