Tax audit u/s 44ad
This query is : Resolved
23 June 2014
Whether an Individual Liable to get his all proprietorship firms audited, if only one of his firm is falling under perview of tax audit U/s 44AD due to showing profit less than 8%.
My view : As an Individual he will be assessed with Income Tax authorities singly as a whole. But I am not sure about it.
My view : As an Individual he will be assessed with Income Tax authorities singly as a whole. But I am not sure about it.
23 June 2014
overall profit percentage shall be considered....
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