Section 44 ad and 44ab
This query is : Resolved
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
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
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.
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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