Sec 44ad
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 July 2013
Assesse having turnover of 15 lakhs,shows income from business @8% which amounts to 120000 . Further has income from other sources i.e FD interest income of 40000 . Hence the total income is 160000 less than the maximum amount which is not chargeable to TAX.
WETHER BOOKS OF ACCOUNTS REQUIRED TO BE MAINTAINED OR NOT . AUDIT REQUIRED OR NOT
WETHER BOOKS OF ACCOUNTS REQUIRED TO BE MAINTAINED OR NOT . AUDIT REQUIRED OR NOT
21 July 2013
i) No need to maintain books of accounts since presumptive taxation is opted.
ii)Audit is not mandatory since 8% is declared.
ii)Audit is not mandatory since 8% is declared.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Payment for sale in March and Sale deed registration to be done in April
- Two pancard
- Transfer of MF
- Lifting and cross charges
- REGARDING ITR OF TRUST
- SSY for 2 daughters
- Eligibility for filling NEW Form 121 from April 2026
- E bike purchase can get input in GST
- How to correct Form 26QB
- PTRC PAYMENT & RETURN FILING (Annually)
- Treatment of TDS under Section 194-IA in case of cancelled property transaction
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- B2B Amendment
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
