44 AD Non Resident

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26 Points Posted on 23 December 2021
Can a Non Resident Individual opt for 44 AD scheme? If not applicable then The same person opt for 44 ab rules applicable ?
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On 23 December 2021 at 16:15 Report
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This discussion clarifies whether non-resident individuals can avail the presumptive taxation scheme under Section 44AD of the Income Tax Act. It explores the applicability of Section 44AB rules if 44AD is not an option, including limits on cash transactions. The query also seeks confirmation on whether a tax audit report is required in such cases.

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CA
10436 Points Posted on 23 December 2021
44ad will not be applicable but 44ab will be applicable
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On 23 December 2021 at 18:42
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26 Points Posted on 23 December 2021
Thanks sir 🙏. one more doubt 44 AB rules applicable means the limit for other than cash also applicable sir? (not more than 5% cash transactions) tax audit report not needed...
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On 23 December 2021 at 19:48

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