Tax Audit for FY 2024-25.


This query is : Resolved 

Quick Summary
This discussion addresses whether a client with a turnover below Rs. 2.00 crores for FY 2024-25 can declare income under Section 44AD. The key factor is whether cash receipts exceed 10% of the turnover. If the business itself is eligible according to the rules, then the client can indeed declare income under Section 44AD, even with cash receipts exceeding the threshold.

30 July 2025 One of my client had turnover below Rs. 2.00 crores during FY 2024-25, but his cash receipts are more than 10% of the turnover. Whether he can declare his income u/s.44AD ?

31 July 2025 Yes, eligible if the business is eligible as per the rules.

25 September 2025 Good luck...


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