TAX AUDIT /44AD/44ADA

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CA Nidhi Kanabar (Querist)
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04 July 2023 Hi,

I have an Doubt suppose I am Lecturer and book writer and earning income from Selleing of Books turnover is 40 lakh for both the business and profession and Profit is more than 8% Shall I cover under 44ad or 44ada ?

I want to carry out Tax audit under voluntary is it possible then under Which Code ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 July 2023 You will be covered under 44AD you can declare profit more than 8% .
No code available for your case.
Code available for turnover exceeding limit or profit declared less than 8%.

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