banner_ad

Due date for filling return of income.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 September 2011 In case of Audit under section 44AD, for showing income less than presumptive income, what should be the due date for filling return of income?
Profile Image

CMA Ashutosh Kumar Gupta

Profile Image

CMA Ashutosh Kumar Gupta (Expert)
09 September 2011 1. In case assessee declaring profit lower than 8% of Tunrover/Gross Receipts due date for filing of Return will be 30th Sept, since Books of Accounts are required to be audited u/s. 44AB.
2. If an assessee is not required to file his Income Tax Return u/s. 139(1), he is not required to audit his Books of Accounts u/s. 44AB even if he has declared profit below 8% of Gross Turnover u/s. 44AB. An Individual/ HUF is not mandatorily required to file his/its Income Tax Return if his/it’s income (without claiming deduction u/s. 10A, 10B, 10BA, 80C TO 80U) does not exceed the amount of basic slab. (which is Rs. 160000/- for A. Y. 2011-12). Thus Individual/HUF having no other income & turnover below Rs. 20 lacs (160000/8 *100) will not be covered u/s.44AD.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details