Menu
44ab applicability
is it compulsory to declared 8% profit if I have business, and what if I am not declared 8% profit and not opt 44AD (turnover is below 1 crore)
Replies (2)
Quick Summary
Not compulsory for 6/8% profit margin, if the assessee had not opted out from sec. 44AD, in any previous year, (including current) before completion of 5 years continuously.
maintain books of accounts and pay actual tax
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
