banner_ad

44AD(4)(5)

260 views 4 replies
User Avatar

Article
26 Points Posted on 04 September 2019
after the amendment of section 44AD, (4)(5) where turnover is less than a crore, is it mandatory to get books audited if income declared is below 8/6 percent.
Reply Share Follow
On 04 September 2019 at 16:57 Report
Replies (4)
User Avatar

student
315 Points Posted on 04 September 2019

Yes, provided total income exceed basic exemption limit.

4 Reply
On 04 September 2019 at 16:59
User Avatar

Article
26 Points Posted on 04 September 2019
but amended section 44ad (4)(5) refers to audit of entity who fall under sub section 4 only. if u compare the pre amended 44ad with post, it states, audit is needed only for those entities who fall under sub section (4)
Reply
On 04 September 2019 at 17:01
User Avatar

student
315 Points Posted on 04 September 2019

Of course, this is debatable issue. Let an expert clarify the point.

4 Reply
On 04 September 2019 at 17:10
User Avatar

17264 Points Posted on 04 September 2019
When profit declared is less than 8 / 6 % (below minimum) under 44AD , audit is required otherwise also.
101 Reply
On 04 September 2019 at 18:02


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details