Sec 44ad

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CA Sampat Singh Verma (Querist)
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31 July 2013 I have salary income below tax and running a retail shop of Ghee. I have maintained books of accounts, & result is profit Rs.480.00. I want to know that audit of books of accounts is mandatory or not & what is due date for ITR-4

Rupesh Jain

Rupesh Jain (Expert)
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31 July 2013 audit depend on turnover made by you in lst year.
if turnover is rs. 100 lacs or over then you have to take audit report
otherwise 8% profit on sale to be declare.

CA Sampat Singh Verma

CA Sampat Singh Verma (Querist)
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31 July 2013 Dear Sir,

My turnover of last year was below 10 lacs (new business) but i do not want to apply sec 44AD (prusemption income) so i have maintained my books of accounts. Please clear to me

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