Sec 44ada

21 July 2019
Hello ,

Someone belong to sec 44ADA Professional like chartered account and his income for F.Y. 2018-19 RS 24,00,000 . if he opted normal taxation and maintain books of account and filling return under ITR - 3 , So Whether Still he required to get audit of accounts ?

B.Chackrapani Warrier (Expert)
21 July 2019
If 50 % of the gross receipts are not offered as income, audit of accounts is
necessary. Please see section 44ADA(4).

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