Section 44 ad

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Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2012 Respected Sir,

Can we go for Sec. 44 AD in case when we are showing more profit then 8 % ???

For Eg. Our Turnover is Rs. 3200000(32 Lac)
and we are showing profit of Rs. 2000000 (20 Lac) then can we go for Sec. 44AD ???

Can we file ITR 4S (Sugam) Return ???

So that chances of Scrutiny will be less...

Amol S Joglekar

Amol S Joglekar (Expert)
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25 September 2012 yes, you can very well opt for 44AD. The chances of scrutiny are NIL. AIR scrutiny, if applicable may be had. 44AD does not give shield for AIR scrutiny.

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Querist : Anonymous

Querist : Anonymous (Querist)

25 September 2012 Thanks sir...

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