Sec 44ad
This query is : Resolved
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
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.
if turnover is rs. 100 lacs or over then you have to take audit report
otherwise 8% profit on sale to be declare.
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
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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