Sec.44AD
This query is : Resolved
Lekha Jain
(Querist)
13 July 2011
Hi.......Please clear me whether Sec.44AD is mandatory or optional ?
CA Navin Jain
(Expert)
13 July 2011
its applicable total turnover or gross receipts in the P.Y. does not exceed Rs. 60 lakhs.
hence Sec 44AD is mandatory,
if u wants to show profit less than 8% of the turnover then tax audit is applicable
hence Sec 44AD is mandatory,
if u wants to show profit less than 8% of the turnover then tax audit is applicable
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