Menu
44ab Audit
My Sales T.O. (Trading) for FY 201718 is below 1 crore and my net profit for said period is below 4%. I have not opted for 44ad in previous years (Not even once) should I get my accounts audited under 44ab or is it not required. I have maintained the books of account. I cannot opt for 44ad because my net profit is not up to 8 or 6% Pls help.
Replies (1)
Yes, it should be audited in case your aggregate income exceed basic exemption limit.
Otherwise not required...
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
