Section 44AD
This query is : Resolved
11 July 2011
Dear Experts,
One of our client has a turnover of Rs. 3500000/- and he has maintained proper books of accounts and has a profit margin of around 4% which is less than the threshold of 8% for 44AD.
Now if he doesn't opt for 44AD whether he is required to get his accounts audited.??
Pls suggest
Regds.
One of our client has a turnover of Rs. 3500000/- and he has maintained proper books of accounts and has a profit margin of around 4% which is less than the threshold of 8% for 44AD.
Now if he doesn't opt for 44AD whether he is required to get his accounts audited.??
Pls suggest
Regds.
11 July 2011
Yes he is required to get his accounts audited.
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