Regarding to provisions of 44AB and 44AD
This query is : Resolved
Quick Summary
Suresh S. Tejwani
(Querist)
12 June 2024
My proprietorship firm doesn't exceed 10 cr annual turnover and my cash transactions are under 5%. Do I need to hire a CA or can I file my own income tax returns?
Dhirajlal Rambhia
(Expert)
12 June 2024
Tax audit u/s. 44AB IT act is not mandatory in your case.
Jaspal Singh
(Expert)
13 June 2024
No need for tax audit..you can file normal ITR
Dhirajlal Rambhia
(Expert)
07 August 2024
No, Not applicable.
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