Query on sec 44ab

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Jashpreet kour (Querist)
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06 September 2016 In The Case of a Company, Whose Income is lower than 8% of the Turnover in the AY 2016-17, Whether Tax Audit is Applicable on Such Company under clause 44AB(c) ?

Amol S Joglekar

Amol S Joglekar (Expert)
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06 September 2016 yes, if it satisfies the conditions as set out in those sections respectively... viz. ......
44AE........ not owning more than 10 goods carriages...etc...
44BB....... 10%
44BBB....... 10%

( 8 % is immaterial in all those sections........ 8 % is for 44AD and not for 44AB(c)

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