TAX AUDIT APPLICIBILITY CLAUSE

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This discussion clarifies tax audit applicability based on turnover and cash payment percentages. If your turnover exceeds the specified limit, and cash payments are within the threshold, Clause 44AB(a) might apply. However, if you opted for Section 44AD in a preceding year, Section 44AB(e) is likely applicable unless you declare the minimum profit required by that section.

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(Querist)
18 September 2025 MY TURNOVER A.Y. 2025-26 RS. 23838491 AND PROFIT RS. 617457 TOTAL CASH PAYMENT EXCEEDING 5% OF TOTAL PAYMENT WHICH CLAUSE OF AUDIT APPLY TO ME Clause 44AB(a)- Total sales/turnover/gross receipts of business exceeding specified limits OR Clause 44AB(a)- Proviso where cash receipts and cash payments do not exceed the specified percentage of total transactions, but the turnover exceeds the specified limit I OPTED FOR 44AD DURING A.Y. 2023-24
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 September 2025 Whether you had opted for sec. 44AD in any of preceding five years?
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manoj patel

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manoj patel (Querist)
18 September 2025 YES DURING A.Y. 2023-24
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
18 September 2025 So, Sec. 44AB(e) will be applicable unless min. profit is declared as per the section.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
19 September 2025 Good Luck...
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