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
CAclubindia
