Sec 44aa & sec 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 March 2014
IF MY CLIENT HAS TURNOVER OF RS 60 LAKHS, PROFIT OF RS 5 LAKHS, I AM NOT REQUIRED TO GET BOOKS AUDITED AS I FULFILL CONDITION OF SHOWING PROFIT ABOVE 8%.
NOW MY QUESTION IS WHETHER I HAVE TO MAINTAIN BOOKS OF ACCOUNTS U/S 44AA ?
NOW MY QUESTION IS WHETHER I HAVE TO MAINTAIN BOOKS OF ACCOUNTS U/S 44AA ?
Nikhil Kaushik
(Expert)
16 March 2014
no...once you get covered under 44AD, 44AA and 44AB doesnt apply.
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