Section 44 ab and 44ad
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 March 2013
IF TURNOVER OF ASSEESSEE BUSINESS IS RS 88 LAKHS DURING THE FINANCIAL YEAR 2012-13. ASSESSEE WISH THAT HE WILL DISCLOSE 8% OF PROFIT ON TURNOVER U/S 44AD.
SO WHAT MY QUESTION
IT IS CUMPLOSARY OR NOT TAX AUDIT U/S 44AB.
SO WHAT MY QUESTION
IT IS CUMPLOSARY OR NOT TAX AUDIT U/S 44AB.
Pankaj Joshi
(Expert)
19 March 2013
If profit is shown at 8% or more than Tax Audit is not required. Wait for some other replies.
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