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 :
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
Related Topics :
CAclubindia
