Tax Audit or Declare U/S.44AD
This query is : Resolved
28 September 2023
My total turnover is 1,87 Crore with cash turnover more than 5% of the turnover during FY 2022-23. May I declare income U/S.44AD ?
28 September 2023
Yes, you can declare income u/s 44AD.
28 September 2023
Need to check on other conditions as well
https://incometaxindia.gov.in/tutorials/13.%20tax%20on%20presumptive%20basis%20in%20case%20of%20certain%20eligible%20businesses.pdf
https://incometaxindia.gov.in/tutorials/13.%20tax%20on%20presumptive%20basis%20in%20case%20of%20certain%20eligible%20businesses.pdf
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