Menu
44AD, 44ADA & 44AB
this query is purely on academic basis. now after going through section 44AB, my perception is that either the assessee is required to opt 44AD/ ADA or he is mandatorily required to audit books of accounts. is my perception right? I invite the views of income tax veterans and stalwarts
Replies (1)
Section 44ab apply only when your turnover exceeds prescribed limit or your net business profit is below 8% or 6% as the case may be.
If above conditions not met then you can file regular return in ITR-3 without opting presumptive scheme.
If above conditions not met then you can file regular return in ITR-3 without opting presumptive scheme.
Recent Threads
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
- Wrong reporting on 22 april 2026 under article inc
- Articeship Form 107
- TAN for Multiple States
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
CAclubindia
