44AD.

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Originally posted by : Mohammed Ali M
Does 44AD case needs CA sign

NOT MANDATORY...

 

BUT, BANKS WILL ASK THE SAME IF T/O EXCEEDS 1cr

Can we show profit more than 8% like 12% or 19.5% under 44AD

 

Yes... You can show more than 8%...

#Mohammed Ali,    Also if in case Profit to Sales ratio is shown less than 8% (in case of non digital / banking receipts against sales) & 6% (in case of Digital or banking receipts against sales). than Audit is mandatory with CA attestation.... 


CCI Pro

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