Section 44 ad
This query is : Resolved
05 February 2015
sir our assessee opt for sec.44AD.he does not maintain any sort of books of accounts required u/s44AA.he wants to show the profit less than 8%.if we show like that what are the consequences.pls explain it clearly what are the proceedings
05 February 2015
Tax audit is required for showing less than 8% profit and books of accounts to be maintained as required u/s 44AA.
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