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Requirement of audit u/s 44ad

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 August 2011 One retailer's annual sale is 50 Lac and he maintains books of accounts. If he presumes section 44AD and declares less profift less than 8%. Can he declare his actual income on the books of accounts without going into audit of accounts?
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CA Amit Joshi

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CA Amit Joshi (Expert)
19 August 2011 if you want to declares profit less than 8% than you have to go for audit your accounts from a CA.
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taxindiaconnect

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taxindiaconnect (Expert)
19 August 2011 Agreed with Amit




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