Tax Audit
This query is : Resolved
Vishvajitsinh
(Querist)
10 January 2011
I am already having income in excess of 8% of turnover but I want to have a resort to Sec.44AD, CAN I?
Aditya Maheshwari
(Expert)
10 January 2011
Do not show books of accounts in the ITR return being filed. Then u can resort to 44AD.
Vishvajitsinh
(Querist)
11 January 2011
It means that if I am selecting the option books of account not maintained at the time of preparing the return then the A.O. can not ask for the books of accounts to be produced under section 142(1) and under section 143(2), right.
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