Itr..section 44ad

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This query is : Resolved

mohit pathak (Querist)

01 May 2012 hi

is it mendetory to file ITR u/s 44AD . if one does not keep his books of accounts and having turnover under 3lakhs....

and if someone has already filed his return normally i.e. not u/s 44AD and wants to revise it should he file it under the said section...

Murtaza I Bhagat

Murtaza I Bhagat (Expert)

01 May 2012 its not mandatory, if your net profit is less then 8% then you need to maintain book of accounts or if its more than 8% then no need to maintain in case of sec 44AD

if you have filed your return with without sec. 44ad then how can you revised with 44AD ITR

if you not selected ITR4S but your profit is more than or upt0 8% then no need to worry because its means the same

44AD will reduce your documents and its a deemed profit so its never difficult to understand while calculation with sec. 44AD

Message likes : 2 times

mohit pathak

mohit pathak (Querist)

02 May 2012 thank you...

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