ITR 4 under 44ad cell corresponding to GSTIN which sale we have to put..... Total turnover or turnover of GST period
IN NEW ITR-4 RETURN DEMAND ALL DETAIL LIKE CAPITAL SECURED UNSECURED LOAN DEBTOR CREDITOR AND ALL OTHER COMPONENT OF BALANCE SHEET
FOR AY 17-18 ITR FILED UNDER 44AD (PRESUMPITVE INCOME), NOW THIS AY 18-19 IF ITR 3 IS FILED WITH COMPLETE BALANCE SHEET & P&L ACCOUNT IS FILE, THAN WHETHER AUDIT IS REQUIRED OR NOT?
Sec. 44AD ... as effective from AY 2017-18.........(4) Where an eligible assessee declares profit for any previous year in accordance with the provisions of this section and he declares profit for any of the five assessment years relevant to the previous year succeeding such previous year not in accordance with the provisions of sub-section (1), he shall not be eligible to claim the benefit of the provisions of this section for five assessment years subsequent to the assessment year relevant to the previous year in which the profit has not been declared in accordance with the provisions of sub-section (1).
(5) Notwithstanding anything contained in the foregoing provisions of this section, an eligible assessee to whom the provisions of sub-section (4) are applicable and whose total income exceeds the maximum amount which is not chargeable to income-tax, shall be required to keep and maintain such books of account and other documents as required under sub-section (2) of section 44AA and get them audited and furnish a report of such audit as required under section 44AB.]
So, yes, if his total income exceeds BEL and if he has declared lesser than 6/8% profit margin.
THANKS SIR... I GOT IT
You mean Attestation.....
Except of ITR below 1 crore (Audit Case) no such attestation/signed required.... But if Bank or Loan granting agency demands than attestation shall be taken by Practicing CA..........
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