Tax audit or 44ad
This query is : Open
10 October 2017
Hello,
When an assesse has a turnover of One Crore Eighty Six lakhs (1,86,00,000),
and willing to show a profit of 8%, then is it better to file under section 44Ad or is it better to go for tax Audit report.
Thanks in advance.
When an assesse has a turnover of One Crore Eighty Six lakhs (1,86,00,000),
and willing to show a profit of 8%, then is it better to file under section 44Ad or is it better to go for tax Audit report.
Thanks in advance.
10 October 2017
Opt for 44AD because you don't have to provide BS & PL and in 44AD their is less compliance
10 October 2017
Thank you, Sir.
Will it be the same from assessee point of view.
Will it be the same from assessee point of view.
10 October 2017
If you ready to pay Rs. 14,88,000 + cess + Interest (234A, B, C). Then go to file u/s 44ad.....!
10 October 2017
For Assessee it make no difference, only you have to show profit above 8%/6%
10 October 2017
You can opt u/s 44AD as you are ready to declare profit @8% .
However if you pay u/s 44AD then you have to pay int u/s 234 A/B/C as due date is over for same.
Also if you go for tax audit then CA will charge his fees for same which may be higher than Interest.
So better you go for return u/s 44AD.
You have to do less compliance also no need to maintain books of accounts.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- Section 50-fixed asset-->building ceases to exist
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
