Sec 44ad

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 July 2017 A person who is eligible to opt for the presumptive taxation scheme of section 44AD (*) but claims the profits or gains for such business to be lower than the profits and gains computed as per the presumptive taxation scheme of section 44AD and his income exceeds the amount which is not chargeable to tax. PLEASE EXPLAIN , am showing income of 396750 which is more than 8% of my t/o .....but s/w shows that u are subject to audit u/s 44AB , i got notice u/s 139(9) which is for wrongly stated business code. ay 16-17, whether i have to do audit u/s 44ab or upload u/s 44ad. originally i uploaded return as per sec. 44ad but got above notice (u/s 139(9)).

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

06 July 2017 which assessment year you are referring?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Sabyasachi Mukherjee

CA Sabrish Nair

Sanjay Ratnani

Sasidhar B

MURALIKRISHNA EDDANAPUDI

Subscribe Now

Sec 44ad

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Manager- Finance and Compliance

CA Final

Accountant

GST CONSULTANT

Article Assistant

GST CONSULTANCY