Section 44 ad and 44ab

This query is : Resolved

Hardik R Shah (Querist)
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22 October 2013 if assesse has more than one bussiness ?

and some bussiness covered under 44AD and some bussiness covered undeR AUDIT.

BUT CAN ASSESS MAINTAINED BOOKS FOR SECTION 44AD ALSO.?

AND IF NOT REQUIRED MAINTAINED FOR SEC 44AD SO HOW EFFECT UNDER AUDIT IN SEC.44AB FOR OTHERR BUSSINESS

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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22 October 2013 Yes there is an option that if sec 44AD is invoked then assesee need not maintain books.

The transaction under 44AD books will be sep done and for other business only 44AB books will be considered for tax audit.

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